Bloomberg Analyst: The US SEC has launched a universal listing standard for crypto ETPs, with more than a dozen crypto assets eligible.

According to Bloomberg's senior ETF analyst Eric Balchunas, the U.S. Securities and Exchange Commission (SEC) has released universal listing standards for cryptocurrency exchange-traded plans (ETPs) through a recent exchange filing. These standards require cryptocurrencies with a six-month or longer futures trading track record on the Coinbase derivatives exchange to be eligible for inclusion in ETPs. Currently, approximately ten crypto assets qualify, in line with market expectations of over 85% approval for major cryptocurrencies. Regarding the specific timeline for approval, Balchunas stated it could be in September or October of this year.