SEC Don Put Rules For Crypto ETF, Cut Approval To 75 Days
SEC don reveal full crypto ETF guidelines wey bring one correct framework and reduce approval time from 240 days reach 75 days. Di 12-page paper cover spot ETFs wey relate to digital assets like SOL, XRP, DOT, and DOGE plus memecoins. Dem dey work with Nasdaq and Cboe to get universal listing model, SEC wan make altcoin ETF launch faster and make investors get access. Over 54 crypto ETF applications still dey review, Polymarket data show say chance of approval na 70% for altcoin ETFs. Meanwhile, offshore providers don launch style like REX-Osprey Sol + Staking ETF to give SOL exposure. Dis new fast crypto ETF process plus SEC guidance wey go drop later this year fit make more altcoin ETF dem come.
Bullish
Di SEC new crypto ETF rules and shorter time to approve dem good for altcoins like SOL, XRP, DOT and DOGE. For short time, clearer rules plus faster listing wahala fit make more ETF applications and bring investors interest, this go drive more trading volume and price up. For long time, smoother approval process plus bigger altcoin ETF access fit make money wey institutions put in and liquidity high, this go support steady demand plus price increase. The 70% approval chance wey don show come dey make people get better mind as more altcoin ETFs dey enter market.