SEC clears path for spot crypto ETFs, with first launches possible in October.
- SEC approves new rules allowing exchanges (NYSE, Nasdaq, Cboe) to list spot crypto ETFs under generic standards.
- Cuts approval time to ~75 days vs. 240+, streamlining process for asset managers.
- Dozens of new ETFs possible, covering tokens like solana, XRP, dogecoin. First launches expected as early as October.
- Trump administration push for crypto-friendly regulation; contrasts with slower Biden-era approach.
- Ends decade-long case-by-case ETF review since first bitcoin filing in 2013.
- Industry reaction: firms say “gates are open,” but legal, marketing and service-provider work still required.
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Another tailwind for crypto.
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