Bloomberg analyst: US SEC introduces universal listing standards for crypto ETPs, with around a dozen crypto assets meeting the criteria

On July 31, according to Bloomberg Senior ETF Analyst Eric Balchunas, the U.S. Securities and Exchange Commission (SEC) has released general listing standards for cryptocurrency ETPs through its latest exchange filings. According to the standards, cryptocurrencies with more than 6 months of futures trading track record on the Coinbase derivatives exchange will be approved for inclusion in ETPs. Currently, there are more than a dozen eligible crypto assets, which is in line with the mainstream cryptocurrencies that the market previously expected to have an 85.00% or higher chance of approval. Regarding the specific approval time, Balchunas said it may be in September or October this year. [Techflow]