The U.S. Securities and Exchange Commission (SEC) has directed issuers of spot ETF applications for several major cryptocurrencies to withdraw their 19b-4 filings. This request affects proposed ETFs for Litecoin, XRP, Solana, Cardano, and Dogecoin. The move follows the SEC’s recent approval of generic listing standards for commodity-based ETFs.
🚨SCOOP: The @SECGov has asked issuers of $LTC, $XRP, $SOL, $ADA, and $DOGE ETFs to withdraw their 19b-4 filings following the approval of the generic listing standards, which replace the need for those filings. Am told withdrawals could start happening as soon as this week.
— Eleanor Terrett (@EleanorTerrett) September 29, 2025
Streamlined Application Process
The SEC’s new approach marks a significant shift in cryptocurrency ETF regulations. Traditional ETF approvals require detailed reviews under Section 19(b) of the Securities Exchange Act of 1934. The new generic listing standards create a faster path to market for qualifying products. Asset managers must now demonstrate their products meet specific eligibility criteria. These requirements include having CFTC-regulated futures contracts for the underlying assets. This streamlined process aims to reduce the lengthy approval times typically associated with crypto investment products.
Impact on Digital Asset Markets
The withdrawal request signals a transformation in how cryptocurrency investment products reach the market. ETF issuers will begin withdrawing their applications this week. This change opens new possibilities for institutional investment in digital assets. The move could lead to more efficient listing procedures for cryptocurrency products. Market observers anticipate this development will spark additional cryptocurrency ETF proposals under the new framework.
Future of Crypto ETF Innovation
The SEC’s regulatory evolution suggests a maturing approach to digital asset investment products. The new standards could accelerate the launch of various cryptocurrency ETFs. Asset managers now have clearer guidelines for bringing products to market. This development might encourage more traditional financial institutions to enter the cryptocurrency space. Industry experts predict these changes will enhance market accessibility for retail and institutional investors.
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