CBOE Submits Universal Listing Standards for Crypto Asset ETPs, SOL and XRP ETPs Expected to Launch in Q4

The U.S. Securities and Exchange Commission (SEC) has released "listing standards" for crypto ETPs, based on new exchange filings. Any token that has been tracked by futures on the Coinbase derivatives exchange for at least six months will be approved, encompassing approximately a dozen major cryptocurrencies. The Solana ETP is expected to receive approval by October 10th at the latest, with the XRP ETP expected to launch slightly later. Both are expected to launch in the fourth quarter.