TechFlow, September 16 — According to The Block, Bitwise Chief Investment Officer Matt Hougan said the SEC's proposed universal listing standards for cryptocurrencies could "transform the market" and trigger a crypto "ETPalooza." The new standards would shorten the approval timeline for crypto ETPs from up to 240 days to around 75 days, streamlining the issuance process.
Crypto assets meeting predefined criteria—potentially including Solana, XRP, and Chainlink—could gain faster approval for ETPs. Hougan noted that just as the "ETF rule" introduced in 2019 increased traditional ETF launches from 117 to 370 per year, the crypto market may see a similar growth trajectory.
The universal listing standards could be introduced as early as October this year, lowering investment barriers and making crypto assets more accessible to retail investors, marking a shift toward a "mature phase" for the crypto market.
