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Analyst: US SEC announces new standards for listing crypto ETFs, Coinbase futures-linked coins expected to be approved first

律动Jul 31, 2025
#Crypto Stocks $BONK$COIN
On July 31, Bloomberg ETF senior analyst Eric Balchunas posted on social media that the U.S. Securities and Exchange Commission (SEC)'s cryptocurrency ETP "listing standards" have been released through new exchange platform filing documents.

The core conclusion is that any token listed on the Coinbase derivatives trading platform and whose futures trading has lasted for more than 6 months is likely to be approved. Currently, there are about a dozen mainstream currencies that meet the standard, the same as those previously predicted to have a probability of over 85.00%. The only outstanding question is the timing. These ETFs may be approved集中获批 between September and October this year.

For altcoins or Meme coins (such as $BONK, TRUMP, etc.) that have not yet launched futures, ETF-ization requires reliance on the "Investment Company Act of 1940" path and the adoption of different product structures. From historical experience, regulators prefer the "pure spot" ETF model based on the "Securities Act of 1933."

Note: The SEC has announced the listing standards for cryptocurrency ETPs, but most of the cryptocurrency products to be launched will adopt an ETF structure. [BlockBeats]
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Analyst: US SEC announces new standards for listing crypto ETFs, Coinbase futures-linked coins expected to be approved first

律动Jul 31, 2025
#Crypto Stocks $BONK$COIN
On July 31, Bloomberg ETF senior analyst Eric Balchunas posted on social media that the U.S. Securities and Exchange Commission (SEC)'s cryptocurrency ETP "listing standards" have been released through new exchange platform filing documents.

The core conclusion is that any token listed on the Coinbase derivatives trading platform and whose futures trading has lasted for more than 6 months is likely to be approved. Currently, there are about a dozen mainstream currencies that meet the standard, the same as those previously predicted to have a probability of over 85.00%. The only outstanding question is the timing. These ETFs may be approved集中获批 between September and October this year.

For altcoins or Meme coins (such as BONK, TRUMP, etc.) that have not yet launched futures, ETF-ization requires reliance on the "Investment Company Act of 1940" path and the adoption of different product structures. From historical experience, regulators prefer the "pure spot" ETF model based on the "Securities Act of 1933."

Note: The SEC has announced the listing standards for cryptocurrency ETPs, but most of the cryptocurrency products to be launched will adopt an ETF structure. [BlockBeats]
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