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SEC Fast-Tracks Crypto ETF Listing Standards
New approval cuts timelines and removes red tape for ETFs tied to tokens like SOL, XRP, and DOGE.
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In a surprise move, the U.S. SEC approved crypto ETF listing standards on an accelerated basis, streamlining the process for dozens of pending exchange-traded products tied to digital assets like Solana, XRP, and Dogecoin.
What’s the Scoop?
- Faster Approvals: The SEC approved a rule change that shortens the time it takes for crypto ETFs to get listed—from up to 240 days to as little as 75 days—as long as they meet certain requirements.
- No Extra Paperwork: Funds that follow the new guidelines won’t need to go through the SEC’s full review process, which has delayed many crypto ETFs in the past.
- Grayscale Gets the Green Light: The SEC also approved Grayscale’s Digital Large Cap Fund to trade publicly. The fund holds a mix of major cryptocurrencies, mostly Bitcoin and Ethereum, with smaller portions of Solana, XRP, and Cardano.
Bankless Take:
Fast-tracked ETF approvals should unlock the flood gates to crypto asset listings on traditional stock exchanges. Industry observers expect a torrent of new ETF in the coming weeks on the back of this anticipated rule change.
What impact will Generic Listing Standards have on the crypto ETP space?
— Matt Hougan (@Matt_Hougan) September 16, 2025
Here's what happened when the SEC passed the "ETF Rule" in late-2019, which created Generic Listing Standards for traditional ETFs: The pace of ETF launches rose from ~117/year to ~370/year.
Expect the… pic.twitter.com/acVRLLt8fw