Analyst: The US SEC has announced new standards for the listing of encryption ETFs, and CEX futures-linked coins are expected to be approved first.

On July 31, Bloomberg ETF senior analyst Eric Balchunas posted on social media that the listing standards for cryptocurrency ETPs from the (SEC) have been released through new trading platform filing documents. The core conclusion is: any Token listed on a CEX derivatives trading platform, with futures trading lasting more than 6 months, is expected to be approved. Currently, about a dozen Mainstream Tokens meet the standards, similar to the previously predicted probability of over 85%. The only unresolved issue is the timing, as this batch of ETFs may receive approval concentrated between September and October this year. For altcoins or Meme coins (such as BONK, TRUMP, etc.) that have not yet launched futures, ETF conversion would need to rely on the path of the Investment Company Act of 1940, adopting different product structures. Historically, regulators have been more inclined to adopt a "pure Spot" ETF model based on the Securities Act of 1933. Note: What the SEC has released are the listing standards for cryptocurrency ETPs, but most of the upcoming cryptocurrency products are expected to adopt the ETF structure.