The SEC is accelerating the development of universal listing standards for crypto ETFs, and the "gate" for altcoin ETFs is about to open.

On July 9, according to Theblock, the "gate" for altcoin crypto ETFs is about to open as the U.S. Securities and Exchange Commission considers accelerating the approval of a unified listing framework. Previously, crypto reporter Eleanor Terrett revealed that the U.S. Securities and Exchange Commission is working with various trading platforms to develop a common listing standard for cryptocurrency ETFs, which is currently in its early stages. If a cryptocurrency meets the standard, issuers can skip the 19b-4 process and directly submit an S-1 filing, and the trading platform can list it after 75 days. This approach can save issuers and the SEC a lot of paperwork and repeated requests for comments. The specific rules for the common listing standard for cryptocurrency ETFs have not yet been clarified, and the market speculates that market cap, trading volume, and liquidity are all under consideration.

Bloomberg Intelligence ETF analyst James Seyffart expects a draft framework to be released this month and implemented in September or October, at which time the gates for other asset ETFs will open. Analyst Eric Balchunas recently estimated the probability of the SEC approving ETFs for $SOL, $XRP, and $LTC at 95%, and the probability of approving ETF proposals tracking Dogecoin, Cardano, and Polkadot is also high, at around 90%. [BlockBeats]