The SEC accelerates the formulation of general listing standards for encryption ETFs, and the "gate" for alts ETFs is about to open.

On July 9, according to The Block, as the SEC considers accelerating the approval of a unified listing framework, the altcoin crypto ETF "Gate" is about to open. Previously, crypto journalist Eleanor Terrett revealed that the SEC is collaborating with various trading platforms to establish universal listing standards for crypto assets, which is currently in its early stages. If the crypto assets meet the standards, issuers can bypass the 19b-4 process and directly submit the S-1 filing, allowing trading platforms to launch it after a 75-day wait. This method can save issuers and the SEC a significant amount of paperwork and time spent on repeatedly soliciting opinions. The specific rules for the universal listing standards for crypto asset ETFs have yet to be clarified, and the market speculates that market capitalization, volume, and liquidity are all being considered. Bloomberg Industry Research ETF analyst James Seyffart expects the framework draft to be released this month, with implementation in September or October, at which point the gates for other asset ETFs will open. Analyst Eric Balchunas recently estimated that the SEC's approval probability for ETFs of SOL, XRP, and LTC is 95%, and the likelihood of approval for ETF proposals tracking Dogecoin, Cardano, and Polkadot is also quite high, around 90%.