The Ultimate Shill, SEC's New ETP Listing Standard Signifies Imminent Approval of Numerous Crypto ETFs

BlockBeats News, July 31, it was reported that the U.S. Securities and Exchange Commission (SEC) has released a new trading platform filing for its cryptocurrency ETP "Listing Standard" today. The filing indicates that any token listed on the Coinbase derivatives trading platform and with futures trading lasting over 6 months is expected to receive approval for an ETF.

Market analyst @qinbafrank stated that the three implications of this significant change include:

1. Implies that a large number of cryptocurrency spot ETFs are about to be approved;

2. Coinbase is the biggest beneficiary, and its cryptocurrency futures launch will be sought after by various projects;

3. Implies that the SEC has preemptive approval authority over cryptocurrency spot ETFs to the CFTC (Commodity Futures Trading Commission), as the CFTC is the primary decision-making regulatory body determining which assets can have futures contracts.

BlockBeats previously reported that on July 21, Coinbase announced the launch of American-style perpetual contracts on the Coinbase derivatives trading platform (US Perpetual-Style Futures), a product that retains core features of global perpetual contracts while fully complying with U.S. regulatory standards.