Bitwise CIO Matt Hougan predicts a year-end crypto rally driven by macro factors like rate cuts and SEC’s generic ETP listing standards. The SEC proposal could fast-track multiple crypto ETFs, including Bitwise’s spot Avalanche ETF for institutional investors. Hougan expects new listings to surge, making this a pivotal moment for crypto.

Hougan cites potential interest rate cuts, inflows into crypto products, and rising momentum in stablecoins and tokenization as key drivers for a strong year-end rally. He believes the SEC’s proposed generic crypto ETP listing standards could streamline the approval process for new ETPs, potentially unleashing a flood of offerings for assets like Solana, XRP, Avalanche, and more.

Bitwise’s filing for a spot Avalanche ETF, backed by AVAX tokens held in custody by Coinbase Custody, aims to provide institutional access to AVAX within a traditional investment wrapper. Hougan compares the expected ETP boom to the surge in traditional ETF issuance following the SEC’s adoption of the “ETF Rule” in 2019, transforming the market into a more competitive space.

Hougan highlights that while the SEC’s adoption of generic listing standards is a significant milestone for crypto, it is just the beginning. He emphasizes that product launches alone do not guarantee inflows and investors still need compelling fundamentals. ETPs make crypto more accessible, potentially setting the stage for strong rallies once the right conditions align.

SEC Chair Paul Atkins announced that the agency would issue preliminary notices of technical violations before pursuing formal enforcement actions against crypto firms. This move aims to provide more warning to firms about potential violations before taking formal action.

Read more at Yahoo Finance: Bitwise CIO Predicts Year-End Crypto Rally on SEC Tailwinds as Firm Files for Spot Avalanche ETF