The SEC is reportedly working on establishing a common set of criteria for cryptocurrency ETFs.

BlockBeats News, July 1st, According to crypto reporter Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) is coordinating with various exchanges to develop a universal listing standard for cryptocurrency ETFs, which is currently in its early stages.

If a cryptocurrency meets the standard, the issuer can bypass the 19b-4 process and directly submit an S-1 filing, after which the exchange can list it after a 75-day waiting period. This approach can save issuers and the SEC a significant amount of paperwork and time spent on soliciting feedback. The specific rules of the universal listing standard for cryptocurrency ETFs are not yet clear, but the market speculates that market capitalization, trading volume, and liquidity are all under consideration.

A spokesperson for the U.S. Securities and Exchange Commission declined to comment on this.