Haciyev Reşit 
The U.S. Securities and Exchange Commission (SEC) has approved general listing standards for crypto exchange-traded funds (ETFs), marking a milestone especially for the altcoin market.
Previously, after Bitcoin and Ethereum-based ETFs were approved, investors turned their attention to altcoin ETFs. However, prolonged uncertainties and approval processes had raised questions in the market. With the SEC’s new decision, this process is now set to move much faster.
12 Altcoins Now Eligible for Accelerated ETF Approval
According to the new criteria announced by the SEC, crypto ETF applications can be approved if the underlying assets have traded on an authorized futures platform for at least six months.
Eric Balchunas, senior ETF analyst at Bloomberg, noted that among the crypto assets traded on the Coinbase futures platform, Litecoin (LTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Polkadot (DOT), Shiba Inu (SHIB), Avalanche (AVAX), Chainlink (LINK), Stellar (XLM), Solana (SOL), Hedera (HBAR), Cardano (ADA), and XRP are included. This makes these assets eligible for accelerated ETF approval within 75 days.
XRP, SHIB, and HBAR Stand Out
Following the new regulation, XRP, Shiba Inu (SHIB), and Hedera (HBAR) have emerged as the leading three among the 12 crypto assets eligible for accelerated ETF approval. This development has increased investor interest and price movements in these altcoins.
- XRP: The price rose over 3% in the last 24 hours, reaching $3.10. Trading volume also surged by 40% during the same period, indicating strong institutional demand.
- Shiba Inu (SHIB): Supported by a 38% increase in trading volume, the price rose approximately 4%, reaching $0.00001354.
- Hedera (HBAR): Gained over 4%, reaching $0.2458.
Statement from the SEC Chair
SEC Chair Paul S. Atkins emphasized that the change reinforces the U.S. capital markets’ global leadership in digital asset innovation:
“By approving these general listing standards, we ensure that our capital markets remain the best place in the world to participate in the most advanced innovations in digital assets. This approval facilitates the listing process, maximizes investor choice, and promotes innovation.”
More ETFs on the Way
Bloomberg ETF analysts Eric Balchunas and James Seyffart stated that, thanks to the new regulation, they expect over 100 crypto ETFs to be launched within the next 12 months.
Assessment
The SEC’s decision is viewed as a development that reduces regulatory uncertainty in the crypto market while offering new opportunities for altcoin investors. In particular, the inclusion of projects like XRP, SHIB, and HBAR in the accelerated ETF process could lead to greater adoption of these assets among institutional investors.
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