Bitwise CIO: The SEC's universal listing standard may trigger a rise in crypto ETPs.

According to Mars Finance, market news reports that Bitwise Chief Investment Officer Matt Hougan stated that the SEC's proposed universal listing standards for cryptocurrencies could "revolutionize the market," triggering a crypto "ETPalooza" (ETP explosion). The new standards will reduce the approval time for crypto ETPs from a maximum of 240 days to about 75 days, simplifying the issuance process. Crypto assets that meet the established criteria (which may include Solana, XRP, Chainlink, etc.) will be able to receive ETP approval more quickly. Hougan pointed out that similar to the “ETF rules” introduced in 2019, which increased the issuance of traditional ETFs from 117 per year to 370, the crypto market may repeat this growth pattern. The universal listing standards are expected to be launched as early as October this year, which will drop the investment threshold, making crypto assets easier for ordinary investors to accept, marking a move towards the "mature stage" of the crypto market.