The groundbreaking regulatory overhaul by the U.S. Securities and Exchange Commission( SEC) has made October 2024 a pivotal month focused on the approval dates for cryptocurrency ETFs. As the SEC approves a new standard that shifts from "case-by-case review" to "standard approval," the approval process for spot ETFs of the five major cryptocurrencies—XRP, SOL, LTC, ADA, DOGE—has fundamentally changed. This is not merely an administrative change but a turning point that accelerates the mainstream financialization of cryptocurrencies and has driven a large influx of institutional funds.
SEC regulatory overhaul, transition to standard approval pathway and its market implications