The encryption revolution has erupted! The SEC has approved new listing standards, and over 100 encryption ETFs are about to flood Wall Street.

The U.S. Securities and Exchange Commission (SEC) approved a significant decision regarding the listing standards for Crypto Assets funds, which has been hailed in the industry as "the end of an era." The review period has been dramatically shortened from 240 days to 75 days. Bloomberg senior analyst Eric Balchunas predicts that more than 100 Crypto Assets ETFs will be listed in the next 12 months. This decision marks a huge shift in the SEC's attitude towards Crypto Assets and opens the door for digital assets to enter the mainstream financial market.

Crypto Assets ETF "Gate" officially launched: Approval process greatly simplified

On September 18, the SEC approved the listing standards proposed by three exchanges, amending the rules governing the trading and listing of commodity trust shares. Under the new standards, exchanges are no longer required to submit Form 19b-4 for Crypto Assets ETFs, which will shorten the review time from up to 240 days to 75 days, significantly accelerating the listing process of Crypto Assets ETFs.

Bloomberg intelligence analyst James Seyffart stated on X on September 18: "This is the crypto ETP framework we have been waiting for. Get ready for a wave of spot crypto ETPs to launch in the coming weeks and months."

Seyffart added that according to the currently approved listing standards, companies wishing to issue Crypto Assets are eligible to do so if they have futures contracts that have been traded on a regulated exchange for six months.

SEC Commissioner Hester Peirce pointed out that exchanges can expand the scope of their listing standards over time: "For example, exchanges can propose objective quantitative standards as another qualification option to allow more products to enter the market faster and more predictably."

Experts Predict: Crypto ETF Will Experience Explosive Growth

Bloomberg senior ETF analyst Eric Balchunas stated that it is highly likely that over 100 Crypto Assets ETFs will be launched in the next 12 months, which will fundamentally change the landscape of crypto investment.

Nate Geraci, President of NovaDius Wealth, stated: "A large number of new applications and new projects are expected to be launched. You may not like it, but Crypto Assets are making their way to the mainstream through ETF packaging. And ETF will be the perfect bridge connecting traditional finance (Tradfi) and decentralized finance (DeFi)."

Jake Chervinsky, Chief Legal Officer of Variant Fund, stated on X that the SEC's approval of listing standards is a "big deal" and marks "the end of an era." "The so-called 'investor protection' era of the SEC is over, as they deny investors the ability to access the products they want on the platforms they prefer," Chervinsky said. "The SEC continues to flex its muscles."

SEC's Shift in Attitude: From Strict Regulation to Open Innovation

Since the Trump administration took office in January of this year, the SEC's stance on Crypto Assets has undergone a significant change. President Donald Trump has changed his view on the Crypto Assets industry, now supporting encryption and has launched a stablecoin, and has a family connection with the decentralized finance platform World Liberty Financial.

During the Biden administration, the SEC adopted a more cautious approach towards Crypto Assets, while also filing lawsuits against several Crypto Assets giants. The SEC applied this practice to Crypto Assets ETFs, but later approved spot Bitcoin ETFs and Ethereum ETFs after a key court ruling initiated by Grayscale.

Trump also appointed pro-Crypto Assets regulator Paul Atkins to lead the SEC. Atkins subsequently launched a program called "Project Crypto" aimed at updating the SEC's existing digital asset rules.

Atkins stated in a statement: "By approving these universal listing standards, we ensure that our capital markets remain the best place in the world to participate in the forefront of innovation in digital assets."

Different Voices: Concerns About New Standards

However, not everyone is optimistic about this decision. SEC Commissioner Caroline Crenshaw, the only Democrat on the commission, stated that the agency is "shirking its responsibilities" and warned that crypto ETPs are still a nascent phenomenon.

Kleinshaw stated in a statement: "The committee is shirking its responsibility to review these proposals and make necessary investor protection findings in support of quickly bringing these new, potentially unproven products to market."

She also expressed concern about the use of the terms ETP and ETF, as ETP is subject to less regulation and is not as protected as ETFs: "If this seems complicated, it truly is, and the proposal adds more confusion and ambiguity regarding the eligibility standards for a general listing of these products."

Future Outlook: A Turning Point for Crypto Assets Entering Mainstream Finance

With the simplification of the encryption ETF approval process, we may see a variety of ETF products focused on different Crypto Assets emerging, including altcoins beyond Bitcoin and Ethereum, DeFi tokens, meme coins, and more. This will provide traditional investors with more avenues to access Crypto Assets, while also potentially bringing in more institutional funds into the encryption market.

Kristin Smith, the director of the Solana Policy Research Institute, stated: "These new universal listing standards are good news for American investors, the market, and digital asset innovation. We look forward to the next wave of Crypto Assets adoption!"

This decision undoubtedly marks an important turning point in the regulation of Crypto Assets, accelerating the integration of digital assets with traditional financial systems and paving the way for the mainstream adoption of Crypto Assets.