Regulatory Landscape - The SEC is aiming to establish a stable platform for the introduction of new crypto asset ETPs [1] - Rule proposals are forthcoming, potentially including an innovation exemption to foster the growth of on-chain capital markets [1]

Core Insights - The SEC is expected to introduce generic listing standards for cryptocurrency ETFs, which will facilitate faster and easier approvals for issuers [2][4] - Current processes require special filings to prove market liquidity and lack of manipulation, which can take up to 240 days with no guarantee of approval [2][4] - With the new standards, approvals for cryptocurrency ETFs could be guaranteed in 75 days or less, provided that a futures contract for the underlying asset trades on a U.S.-regulated exchange [4] Industry Impact - The potential list of crypto assets that could gain ETPs includes Solana, XRP, Chainlink, Cardano, Avalanche, Polkadot, Hedera, Dogecoin, Shiba Inu, Litecoin, and Bitcoin Cash, with the list expected to grow as more futures contracts are launched [5] - The adoption of generic listing standards is anticipated to lead to a significant increase in the number of new crypto ETFs, similar to the impact seen in traditional asset ETFs [5][6] - Historically, the ETF industry averaged 117 new ETFs per year before the ETF Rule, which has since increased to over 370 per year [6] Market Dynamics - Despite the expected increase in cryptocurrency ETFs, higher inflows do not necessarily correlate with higher cryptocurrency prices, as inflows depend on market fundamentals [6]

The Securities and Exchange Commission (SEC) extended its decision deadline for Franklin Templeton’s Solana and XRP ETF proposals to November 14, using the maximum 60-day extension authority before issuing final rulings. The regulator also postponed BlackRock’s iShares Ethereum Trust staking amendment to October 30, adding 45 days to the original timeline. Source: SEC.gov SEC Needs More Time to Decide SEC filings indicate the agency needs “sufficient time to consider” the proposals without revealing ap ...