The U.S. Securities and Exchange Commission (SEC) is formulating a consolidated listing framework aimed at simplifying exchange-traded fund (ETF) approvals, which may significantly expedite the review process for cryptocurrency-based ETFs.
This upcoming framework would permit issuers to circumvent the conventional Rule 19b-4 filing system. Instead, firms could submit Form S-1 registration statements 75 days before commencing trading.
Market liquidity indicators and trading volumes will serve as pivotal criteria for SEC evaluation during the approval phase. Financial analysts anticipate high approval probabilities—estimated at up to 95%—for ETFs tracking major alternative cryptocurrencies such as Solana (SOL), XRP, and Litecoin (LTC).
The draft framework is projected for release within weeks. Its implementation could trigger a substantial increase in authorizations for a wider array of asset-backed ETFs.