The US stock and values commission. UU. (SECOND) It has cleared a route for an avalanche of new products negotiated in encryption exchange to reach the market, according to movement analysts, they could remodel how money flows to digital assets.
On Wednesday, the agency approved the generic listing standards for “Product -based trust actions” in Nasdaq, CBOE BZX and NYSE Arca regulated exchanges.
Read more: the SEC facilitates the crypto crypto eTF listing process
The new rules eliminate the need for each ETP crypt to submit to its own presentation of individual rules under section 19(b) of the exchange law. On the other hand, an offer whose underlying assets satisfy certain tests of objective eligibility, for example, if the cryptography is quoted in a market that is a member of the Inter -Market Surveillance Group (ISG)or if the futures contract of the underlying assets is listed in a contract market designated by CFTC for at least six months, it can be listed using these generic standards.
What follows?
The regulatory shift marks a basin for the cryptographic industry, eliminating much of the procedure drag that has historically slowed down the obtaining of new cryptographic products to the market, analysts said.
“[The] Crypt and ETF gates are about to open, “said Nate Geraci, an ETF analyst well and president of Novadius Wealth Management.
“Wait for an absolute flood of new presentations and releases,” he said. “You may not like it, but Crypto is becoming the main current through the ETF wrap.”
Matt Hougan, Investment Director of the Digital Assets Management Firm and ETF Bitwise Issuer, said the SEC movement is a “age” moment for crypto.
“[It’s] A sign that we have reached the big leagues, “he wrote.” But it is also only the beginning. “
The story supports the predictions that the number of new launches of Crypto ETF will accelerate under the new regime.
When the SEC approved the generic listing standards for bond -based products and actions in 2019, the ETF number is launched more than tripled in a year, increasing to 370 from 117 the previous year, Hougan said.
What does it mean for cryptography prices?
Hougan warned that assuming that new cryptographic ETPs will automatically conduct large entries. “The mere existence of an ETP crypt does not guarantee significant entries,” he wrote. “You need a fundamental interest in the underlying asset.”
Let’s take, for example, Spot Ether’s slow beginning (Eth) ETFS. Only significant tickets began to collect almost a year after the launch, once Stablecoin’s activity and, by extension, Ethereum’s investment narrative collected, Hougan wrote.
On the contrary, products linked to lower capitalization assets with less tangible cases may have difficulty attracting capital absent from renewed foundations, he added.
Even so, he argued that ETP drastically reduces the barrier to traditional investors, which makes it much easier for institutional and retail assignments pivoting in cryptography once the feeling revolves. They also help demystify cryptocurrencies for the conventional public when names like avalanche and jacket It appears in brokerage accounts, said Hougan.
“What we are seeing now are underlying active ones below in the value curve that is being filmed in these wraps and strategies,” said Paul Howard, senior director of Wincent to Coindesk in a note. “For institutions that cannot possess the place [crypto] Directly, these vehicles provide a wrapper and move liquidity to the ecosystem. “
Most likely, tokens benefit from this they are high capitalization. “Dogecoin XRP Solarium Sui Apt And others are now marking in the next wave of [products] As investors seek opportunities and applications outside Bitcoin And eth, “Howard said.
