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

ChainCatcher news, according to market news, Bitwise Chief Investment Officer Matt Hougan stated that the SEC's upcoming universal listing standards for cryptocurrencies could "revolutionize the market," triggering a crypto "ETPalooza." The new standards will reduce the approval time for crypto ETPs from a maximum of 240 days to about 75 days, streamlining the issuance process.

Cryptographic assets that meet the established criteria (potentially including Solana, XRP, Chainlink, etc.) will be able to obtain ETP approval more quickly. Hougan pointed out that similar to the "ETF rules" introduced in 2019, which increased the issuance of traditional ETFs from 117 per year to 370, the crypto market may replicate this growth pattern. The universal listing standards are expected to be introduced as early as October this year, which will lower the investment threshold and make crypto assets more accessible to ordinary investors, marking a shift towards a "mature stage" for the crypto market.