Bitwise CIO: SEC's Universal Listing Standards May Trigger Explosive Growth in Crypto ETPs

ChainCatcher news, according to market sources, Bitwise Chief Investment Officer Matt Hougan stated that the universal cryptocurrency listing standards being developed by the SEC could "completely transform the market," triggering a crypto "ETPalooza" (ETP explosion). The new standards will shorten the approval time for crypto ETPs from up to 240 days to about 75 days, streamlining the issuance process.

Crypto assets that meet the predetermined standards (which may include Solana, XRP, Chainlink, etc.) will be able to obtain ETP approval more quickly. Hougan pointed out that the "ETF rule" introduced in 2019 increased the number of traditional ETF issuances from 117 per year to 370 per year, and the crypto market may repeat this growth pattern. The universal listing standards are expected to be introduced as early as October this year, which will lower the investment threshold, make crypto assets more accessible to ordinary investors, and mark the crypto market's move toward a "mature stage."