The U.S. Securities and Exchange Commission has approved a change to streamline the listing process for exchange-traded funds, including spot crypto ETFs, through a generic listing standard. Previously, attempts to list spot crypto ETFs often ended in rejection after a 270-day process. The new standards aim to increase access to digital asset products in the U.S. capital markets.

SEC Chairman Paul Atkins stated that the approval of generic listing standards will enhance investor choice and foster innovation in digital assets. The move is expected to lead to the approval of several spot crypto ETF applications in the coming months, as companies can now bypass the traditional Exchange Act process if their proposed products meet the standards.

Read more at Yahoo Finance: State of Crypto: ETF Listings Became Easier