The US SEC is simplifying the approval process for crypto ETPs, potentially leading to a surge in new offerings. Bitwise CIO warns that the existence of ETPs doesn’t guarantee success; underlying asset interest is crucial. Altcoin ETFs tracking XRP and Dogecoin set to launch in the US. Altcoin Season Index at a 90-day high. Source: CoinMarketCap.

The first Solana staking ETF in the US saw $12M in inflows on its debut trading day. SEC currently reviews spot crypto ETFs case by case, with no guarantee of approval. New process in the works could see compliant crypto ETFs “virtually guaranteed” approval in 75 days or less. Altcoin rally may be delayed until approval of crypto ETFs.

Read more at Cointelegraph: SEC Listing Standards to Boost Crypto ETFs: Bitwse