The SEC approved generic listing standards for spot-price commodity and digital asset exchange-traded products, allowing exchanges to list crypto ETFs without rule changes. The move is expected to expand the spot-crypto ETP realm, providing more options and lower costs for investors. The new policy is praised for making crypto more mainstream.

The new generic listing rules require commodities to be traded on a market that is a member of the Intermarket Surveillance Group or underlie a futures contract traded for at least six months on a CFTC-regulated market. The SEC also approved the Grayscale Digital Large Cap Fund and certain p.m.-settled options on Bitcoin indexes. The decision has faced opposition due to concerns about fast-tracking unproven products to market.

The change in SEC policy is expected to lead to an expansion of spot-crypto ETP offerings beyond Bitcoin and Ethereum. This move is seen as a step towards directly holding digital assets alongside traditional investments without the need for an ETF. The increased options and lower costs for investors are being celebrated as a positive development in the market.

Read more at Yahoo Finance: SEC Turbocharges Crypto ETP Approvals