The U.S. Securities and Exchange Commission (SEC) has taken a notable step in the crypto ETF landscape by requesting issuers of XRP, Solana, Litecoin, Dogecoin, and Cardano exchange-traded funds to withdraw their 19b-4 filings. This move follows the SEC’s recent approval of generic listing standards for commodity-based exchange-traded products (ETPs), a change that aims to streamline the process for launching spot crypto ETFs.

Prior to this rule change, issuers needed to submit 19b-4 filings as formal requests to amend exchange rules each time a new crypto ETF was proposed. These filings served as a major regulatory hurdle, often slowing down the approval process and creating uncertainty around timelines. With the new generic listing standards now in effect, that requirement has been eliminated for certain crypto assets meeting set criteria.

Instead of filing individual 19b-4 forms for each product, issuers can now list qualifying crypto ETFs by submitting a standard S-1 registration statement. This simplification means exchanges can introduce a range of spot crypto ETFs more efficiently, without waiting for lengthy regulatory reviews for each separate product.

The SEC’s action could have a significant impact on the broader crypto market. Analysts suggest that ETFs tied to popular altcoins like XRP may enter the market much faster under the new rules. Some experts even believe approvals could come within days, although the SEC is not bound to any set timeline.

The adoption of generic listing standards marks a shift in how regulators are approaching crypto-backed investment products. By reducing barriers and establishing clear guidelines, the path is now clearer for ETFs representing digital assets to reach mainstream investors. Such changes may accelerate the launch of XRP ETFs and other similar products, fostering greater accessibility and innovation within the crypto investment space.

Overall, the SEC’s recent guidance signals a more efficient future for spot crypto ETFs, opening the door to expanded offerings and potentially quicker approvals, especially for assets like XRP.