The U.S. Securities and Exchange Commission (SEC) is making significant strides toward establishing a universal listing standard for cryptocurrency exchange-traded funds (ETFs), a move that could streamline approvals and accelerate institutional adoption of digital assets.
Industry observers, including Bloomberg’s Eric Balchunas, have expressed strong optimism regarding the development. Balchunas noted on July 2 that the likelihood of approval for ETFs tied to top digital assets could reach as high as 95%, contingent on finalization of the new standards.
SEC’s Focus on Top 50 CoinsAt the core of the initiative is a collaborative effort between the SEC and major U.S. exchanges, including Nasdaq, to align on a consistent framework for evaluating and listing crypto-based ETFs.
The early focus appears to center on the top 50 cryptocurrencies by market capitalization, potentially opening the door for a wide range of coins beyond Bitcoin and Ethereum to enter regulated financial markets.
Nasdaq’s recent proposal to the SEC underscores growing pressure from market participants for faster, clearer ETF approvals. If adopted, these standards could bypass the lengthy 19b-4 process, which ETF issuers currently undergo, resulting in substantial time and cost savings.
“This is reasonable and one reason we are so bullish,” Balchunas stated. “The question is, what will the standard be? We think the standards might be loose enough that most of the top 50 coins could be ETF-able.”
Institutional Momentum BuildsThe move is seen as a potential game-changer for asset managers and institutional investors, who have long waited for regulatory clarity around broader digital asset exposure. By establishing a clear and unified pathway for ETF listings, the SEC could unlock significant capital inflows into the crypto sector and facilitate mainstream financial integration.
If implemented, these universal standards would mark a milestone in the maturation of the crypto industry, helping to reduce uncertainty, enhance investor protections, and provide scalable infrastructure for digital asset investment products.
July 2025, Cryptoniteuae