Overview

• The SEC is advancing a plan for generic listing standards for crypto exchange-traded products that would standardize and speed approvals, according to coverage of the proposal.
• If adopted, the framework could allow assets such as Solana, XRP, Avalanche, Dogecoin and Chainlink to reach market faster, with launches possible in about 75 days, according to Hougan.
• Hougan says qualification would likely hinge on the existence of a regulated futures market for the asset on venues like CME, Cboe or possibly Coinbase Derivatives.
• Bitwise has filed for a spot Avalanche ETF that would track the CME CF Avalanche-Dollar Reference Rate, with AVAX held in Coinbase Custody within a Delaware statutory trust.
• Hougan predicts a late-year rally and product boom driven by macro tailwinds, while cautioning that new listings alone may not draw large inflows, citing muted initial demand for U.S. spot Ether ETPs in 2024.