The Securities and Exchange Commission approved generic listing standards that allow NYSE Arca, Nasdaq, and Cboe BZX to list spot crypto exchange-traded products without a product-specific 19b-4, compressing the path to market to as little as 75 days.

Per Reuters, exchanges now have a clear rulebook for accelerating the market introduction of spot products for eligible assets, and issuers are preparing lineups that extend beyond bitcoin and ether.

This change reframes the near-term ETF roadmap into a launch calendar and a flows contest. The calendar depends on whether an asset meets the generic tests that exchanges reference, including the presence of regulated futures trading for a sustained period, exchange surveillance arrangements and robust reference pricing, while the flows contest will be decided by fees, seed sizes and platform distribution.

The practical yardstick discussed is a six-month track record of regulated futures trading, which puts Solana over the threshold now, places XRP on track to meet it in mid-November, and leaves Dogecoin already seasoned via U.S.-listed derivatives.

The new rules were approved on September 18, so the 75-day outer bound lands in early December, a window that accommodates products that satisfy the generic criteria and have operational plumbing in place.

What’s next for spot-ETF approval in the US?

For investors, the first order question is which tickers appear first and how capital accumulates compared with the initial adoption curves seen in bitcoin and ether wrappers.

The second-order question is which issuer captures scale. The answers can be framed with a probability weighted launch view and a base, bear, and bull flows model that uses JPMorgan’s published range for XRP as the anchor.

JPMorgan expects an XRP spot ETF to generate $3 to $8 billio

Go to Source to See Full Article
Author: Liam ‘Akiba’ Wright