Bitwise CIO: SEC general-purpose listing standard may trigger explosive growth of crypto ETP

According to The Block, Bitwise chief investment officer Matt Hougan said that the SEC is formulating universal listing standards for cryptocurrencies that are being formulated may "completely change the market" and trigger the crypto "ETPalooza" (ETP burst). The new standard will shorten the approval time for encrypted ETP from a maximum of 240 days to about 75 days, simplifying the issuance process. Crypto assets that meet pre-defined criteria (possibly Solana, XRP, Chainlink, etc.) will be able to obtain ETP approval faster. Hougan pointed out that "ETF rules" similar to those launched in 2019 have increased the issuance of traditional ETFs from 117 to 370 per year, and the crypto market may repeat this growth model. The general listing standard is expected to be launched as early as October this year, which will lower the investment threshold and make crypto assets more acceptable to ordinary investors, marking the "mature stage" of the crypto market.