Key Takeaways:
- The SEC has approved generic listing standards to streamline the approval process for spot crypto ETFs, removing the need for individual reviews if specific criteria are met.
- Eligible crypto assets must meet one of three conditions, including active trading on monitored markets or inclusion in existing ETFs.
- This move could accelerate the entry of ETFs tied to assets like Solana, XRP, and Dogecoin, though some commissioners voiced investor protection concerns.
The U.S. Securities and Exchange Commission (SEC) has approved new generic listing standards that streamline the approval process for spot cryptocurrency exchange-traded funds (ETFs).
Instead of requiring individual reviews, ETFs that meet specific criteria can now be listed more quickly under Rule 6c-11, a move aimed at accelerating market access and reducing delays.
BREAKING NEWS: SEC has approved generic listings standards, clearing the way for spot crypto ETFs to launch 🔥
— Solana (@solana) September 17, 2025
We are living through crypto history. pic.twitter.com/2LSwIs1oTt
The standards apply across major exchanges such as Nasdaq, NYSE Arca, and Cboe BZX.
SEC Chair Paul Atkins said the change strengthens U.S. capital markets by fostering innovation and expanding investor choice.
The timing is significant, as pending ETF applications involve assets like Solana, XRP, Litecoin, Dogecoin, Avalanche, Chainlink, Polkadot, and BNB.
To qualify under the updated framework, a crypto asset must meet at least one condition: being traded on a market within the Intermarket Surveillance Group, underlying a futures contract listed for at least six months with a surveillance-sharing agreement, or being tracked by an ETF with 40% exposure already listed on a U.S. exchange.
However, not all commissioners supported the move.
Commissioner Caroline Crenshaw warned the standards may bypass essential investor protections by prioritizing speed over thorough review.
Still, analysts expect a surge of new crypto ETFs to enter the U.S. market under these streamlined rules.