Crypto ETF 'Floodgates' Open With SEC Listing Standards, But Price Impact May Be Uneven

The U.S. Securities and Exchange Commission (SEC) has cleared a path for a flood of new crypto exchange-traded products to hit the market, a move analysts say could reshape how money flows into digital assets. On Wednesday, the agency approved generic listing standards for "commodity-based trust shares" across regulated exchanges Nasdaq, Cboe BZX and NYSE Arca. Read more: SEC Makes Spot Crypto ETF Listing Process Easier, Approves Grayscale's Large-Cap Crypto Fund The new rules remove the need for each crypto ETP to undergo its own individual rule filing under Section 19(b) of the Exchange Act. Instead, an offering whose underlying assets satisfy certain objective eligibility tests — for example, if the crypto trades on a market that is a member of the Intermarket Surveillance Group (ISG), or if the underlying asset's futures contract is listed on a CFTC-regulated designated contract market for at least six months — can be listed using these generic standards. WHAT'S NEXT? The regulatory shift marks a watershed for the crypto industry, removing much of the procedural drag that has historically slowed getting new crypto products…