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

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 filing. According to the standards, cryptocurrencies with more than six months of futures trading track record on the Coinbase Derivatives Exchange will be approved for inclusion in ETPs. Currently, there are more than ten eligible crypto assets, which is in line with the mainstream cryptocurrencies that the market previously expected to have an 85% or higher chance of approval. Regarding the specific approval time, Balchunas said it could be in September or October this year. [Odaily]