SEC Paves the Way for New Spot Crypto ETFs by Simplifying Rules

The U.S. Securities and Exchange Commission (SEC) approved amendments to the rules of the three largest stock exchanges — NYSE, Nasdaq, and CBOE. The decision allows for the application of unified listing standards and opens the door to the launch of new spot cryptocurrency ETFs.

Previously, each application was reviewed individually, and management companies were forced to submit two sets of documents — from the exchange itself and from the fund. Now this procedure is simplified, and the product launch time is reduced by almost three times — from 240 to 75 days. Analysts believe that the decision could be a turning point in the regulation of digital assets.

Bitwise Asset Management President Teddy Fusaro called the initiative historic: “This is a step that overturns a decade-long practice that began back in 2013 with the first bitcoin ETF application.” According to him, the new scheme will facilitate the market entry of products and create conditions for investor inflow.

Among the first instruments that may take advantage of the new system are ETFs on Solana and XRP. Their applications were submitted more than a year ago, but the regulator repeatedly postponed consideration.

SEC Chairman Paul Atkins emphasized that the policy is aimed at stimulating innovation and reducing barriers, and is also part of the Trump administration’s course on the development of digital assets.

Nevertheless, experts warn: the process will not be instantaneous. According to Canary Capital head Steve McClurg, the market still has work to do on legal documentation, marketing, and interaction with providers. However, the first products may appear as early as October.