The SEC approved generic listing standards that allow exchanges to list commodity-based trust shares—including spot crypto ETFs—without individual SEC approval, streamlining the process under Rule 6c-11 and reducing multi-month waits for approvals.
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Generic listing standards permit exchange-level approvals for commodity trust shares
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Eligibility requires surveillance access or futures tracking with a surveillance-sharing agreement.
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Applications for Solana, XRP, Litecoin and Dogecoin spot ETFs remain pending under the new framework.
SEC listing standards for spot crypto ETFs accelerate approvals—learn eligibility rules, surveillance requirements, and impact on SOL, XRP, LTC and DOGE filings.
What did the SEC approve for spot crypto ETFs?
The SEC approved generic listing standards for commodity-based trust shares to speed spot crypto ETF approvals. Under Rule 6c-11, exchanges can list eligible digital asset products without individual SEC sign-off, cutting the historical multi-month review cycle while retaining surveillance and investor-protection conditions.
How will Rule 6c-11 speed approvals and what are the eligibility criteria?
Rule 6c-11 eligibility requires that the underlying commodity either trades on a market that participates in the Intermarket Surveillance Group with surveillance access, or is linked to a futures contract listed on a designated contract market for at least six months with a surveillance-sharing agreement in place.
Alternatively, a product already tracked by an ETF with at least 40% exposure listed on a national securities exchange may qualify. Exchanges must still file a rule change with the SEC for ETPs that fall outside these generic standards.
Context and impact: The decision was detailed in filings at national exchanges including Nasdaq, NYSE Arca and Cboe BZX. SEC Chair Paul Atkins said the standards help “maximize investor choice and foster innovation” while preserving market integrity. The change could materially shorten listing timetables that previously took several months.
Why does this matter for pending spot ETF applications?
Several spot ETF filings for Solana (SOL), XRP (XRP), Litecoin (LTC) and Dogecoin (DOGE) remain awaiting SEC action with statutory deadlines approaching from October onward. The new generic route may allow eligible products to list more quickly once exchanges apply under the approved framework.
Frequently Asked Questions
How do the new standards affect exchanges listing crypto ETPs?
Exchanges can list eligible commodity-based trust shares under the approved generic framework, reducing the need for case-by-case SEC approvals. Products outside the standards still require an exchange rule filing and SEC review.
Which digital assets are directly impacted by this decision?
The SEC decision is relevant to spot ETF applications for digital assets such as Solana (SOL), XRP (XRP), Litecoin (LTC) and Dogecoin (DOGE), which are currently pending and may benefit if they meet the eligibility criteria.
Key Takeaways
- Faster listings: Generic standards allow eligible spot crypto ETFs to list without individual SEC approval.
- Surveillance safeguards: Eligibility hinges on surveillance access or futures tracking with surveillance-sharing agreements.
- Pending filings remain: SOL, XRP, LTC and DOGE applications continue to await SEC deadlines and review for compliance.
Conclusion
The SEC’s approval of generic listing standards under Rule 6c-11 represents a structural change that could speed the arrival of spot crypto ETFs to U.S. exchanges while preserving surveillance and investor protection requirements. COINOTAG will continue to monitor developments and regulatory filings to report updates and timelines for pending digital asset products.
