universal token ETF listing standards

Key Points:* SEC works towards universal token ETF standards with exchanges.

• Standard may eliminate the 19b-4 process.
• Expected impact on major cryptocurrencies like Bitcoin. According to crypto journalist Eleanor Terrett, the SEC is in talks with exchanges to develop universal listing standards for token-based ETFs. The collaboration could streamline the listing process by allowing qualifying tokens to skip the 19b-4 application, enhancing the market’s efficiency and appeal.

The U.S. SEC and cryptocurrency exchanges are reportedly collaborating to establish universal listing standards for token-based exchange-traded funds (ETFs). This initiative aims to create a comprehensive framework that streamlines the existing complex application processes, focusing on token market cap, trading volume, and liquidity. Nasdaq urges the Commission to explore ways to bring greater consistency and timeliness to the review process for 1933 Act spot crypto ETPs.

SEC and Exchanges Pursue Universal Token ETF Standards

If successful, the new standards would allow entities to bypass the lengthy 19b-4 application process, opting instead to submit a streamlined S-1 registration with a 75-day review period. This shift promises to reduce document exchange and feedback loops, benefiting both issuers and regulators.

Industry insiders, including major exchanges like Nasdaq, have advocated for more consistent and quicker ETF review processes. These changes could spark increased demand and institutional attention for qualifying tokens. As of now, the SEC has provided limited direct comments via its spokespersons. SEC input on cryptocurrency regulation by Digital Chamber provides additional insights on the framework being established.

Bitcoin Soars and ETF Changes Stimulate Market Confidence

Did you know? In 2024, the approval of a spot BTC ETF led to significant surges in trading volume and assets under management, highlighting the transformative potential of streamlined ETF processes.

Bitcoin (BTC) holds a current price of $105,790.25 with a market cap of $2.10 trillion and a dominance of 64.63%. The 24-hour trading volume is approximately $44.87 billion, and BTC has seen a 22.47% increase over the past 90 days, reflecting significant market resilience.

Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 15:19 UTC on July 1, 2025. Source: CoinMarketCap The Coincu research team suggests that the introduction of these standards could facilitate broader access to token-based ETFs, aligning with historical trends of increased capital inflow following such regulatory advancements. These developments could bolster market confidence and attract diverse investor participation.

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