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Eleanor Terrett, the host of the "Crypto America" podcast, has released exclusive news stating that the SEC has asked the issuers of LTC, XRP, SOL, ADA, and DOGE ETFs to withdraw their 19b-4 applications because a universal listing standard has been approved, which replaces the necessity for these applications. Bloomberg analyst Eric Balchunas is optimistic about the recent listings of multiple ETFs.
According to the new ETF generic listing standards, future crypto ETFs that meet the standards can be listed and traded without prior submission of a rule change proposal to the SEC by exchanges ( including Nasdaq, CboeBZX, and NYSe Arca) for compliant commodity trust shares. Previously, Bloomberg analyst Eric Balchunas indicated that currently about 12-15 types of tokens have futures listed on Coinbase, and there may be hundreds of crypto ETFs listed in the coming year.