SEC Sets New Crypto ETF Standards, Dozen Major Tokens Could Qualify by October

Key Points

1. The SEC's new Generic Listing Standards framework allows digital assets with futures contracts on a Designated Contract Market for at least 6 months to qualify for ETF approval.

2. Eligible cryptocurrencies include Bitcoin, Ethereum, Solana, Dogecoin, Stellar, and Shiba Inu, with Solana ETPs facing an October 10 approval deadline.

3. The CFTC becomes the gatekeeper for crypto ETF approvals, with the SEC outsourcing decisions to them under the new framework.

4. The approval process is streamlined with a 75-day review period, and the SEC has approved in-kind creation and redemption mechanisms for crypto ETPs to boost efficiency and lower costs.

5. Corporate treasury adoption of cryptocurrencies is expanding, with companies like SharpLink Gaming becoming major holders of Ethereum and participating in network staking for yield.