The U.S. Securities and Exchange Commission has greenlighted a framework for listing standards for commodity-based trust shares, paving the way for digital asset listings without the need for individual approvals.
This ruling, outlined in SEC filings from stock exchanges such as Nasdaq, NYSE Arca, and Cboe BZX on Wednesday, simplifies the process under Rule 6c-11, significantly shortening approval timelines that have previously taken months.
“By endorsing these generic listing standards, we are ensuring that our capital markets remain the premier destination for engaging with the groundbreaking innovations of digital assets,” SEC Chair Paul Atkins stated in a separate announcement.
”This approval will enhance investor options and promote innovation by streamlining the listing process and lowering the barriers to access digital asset products within America’s reliable capital markets.”
This development coincides with pending spot ETF applications for Solana (SOL), XRP (XRP), Litecoin (LTC), and Dogecoin (DOGE) awaiting official approval.
The SEC is facing deadlines beginning in October to make decisions on these cases, along with several others.
This is an evolving story, and more information will be provided as it becomes available.
