Particle.news
Download on the App Store
6 ARTICLES
·
yesterday

SEC Moves Toward 75-Day Crypto ETP Fast Track as Bitwise Files Avalanche, Tokenization ETFs

Analysts caution that streamlined approvals expand supply without guaranteeing investor inflows.

Representation of cryptocurrencies are seen in this illustration taken September 10, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
Image
Sec’s ‘generic listing’ pivot could unleash a wave of crypto etps, says bitwise cio matt hougan

Overview

  • Generic listing standards under consideration could take effect as early as October 2025, cutting crypto ETP reviews from up to roughly 240 days to about 75 days for qualifying filings.
  • A key qualification discussed by industry executives is the presence of a regulated U.S. futures market for the underlying asset, referencing venues such as CME, Cboe, or possibly Coinbase Derivatives Exchange.
  • Bitwise has filed a spot Avalanche ETF that would track the CME CF Avalanche-Dollar Reference Rate, with AVAX held in Coinbase Custody and the fund structured as a Delaware statutory trust.
  • Bitwise also submitted a Stablecoin & Tokenization ETF; one analyst projects a potential launch around late November if the fund secures approval.
  • Coverage notes reports that XRP- and Dogecoin-tracking ETFs could debut in the U.S. this week, and recent product activity includes a Solana staking ETF that launched on July 3 with about $12 million in first-day flows.