TOP Altcoins Wall Street Can Buy? SEC Approval List Explained!
🎯 Summary
[{“key_takeaways”=>[“The SEC approved Grayscale’s Digital Large Cap Fund, which includes Bitcoin (80%), Ethereum (11%), Solana (3%), XRP (5%), and Cardano (1%).”, “The major regulatory shift is the approval of generic listing standards for commodity-based ETPs, allowing listing without individual review.”, “A key criterion for these new listings is that the underlying asset must have a CFTC-regulated futures contract listed on a Designated Contract Market (DCM).”, “Coinbase Derivatives, by following the CFTC’s DCM framework, has positioned itself as the key gateway for fast-tracking future altcoin spot ETFs.”, “Any altcoin with futures trading on Coinbase Derivatives is now eligible for a fast-track path to a spot ETF, provided they meet the six-month trading requirement.”, “A list of 14 coins currently trading futures on Coinbase Derivatives are identified as the primary candidates for future regulatory approval, including Litecoin, Bitcoin Cash, Dogecoin, Polkadot, Shiba Inu, Avalanche, Chainlink, and XLM.”], “overview”=>”The SEC has significantly altered the altcoin landscape by approving Grayscale’s multi-asset Digital Large Cap Fund and, more importantly, establishing generic listing standards for commodity-based ETPs. This new standard effectively fast-tracks any cryptocurrency with a CFTC-regulated futures contract on a Designated Contract Market (DCM), like Coinbase Derivatives, for potential spot ETF approval. This development unlocks the door for 14 specific cryptocurrencies, beyond just Bitcoin and Ethereum, to potentially become the focus of future institutional investment vehicles.”, “themes”=>[“SEC Regulatory Changes and ETP Approvals”, “The Future of Altcoin Institutional Investment (ETFs)”, “The Role of Derivatives Markets (CFTC/DCM) in Crypto Regulation”, “Coinbase’s Strategic Advantage in the Regulatory Framework”, “Identifying High-Potential Altcoins for the Next Cycle”]}]
🏢 Companies Mentioned
đź’¬ Key Insights
"Here's the list of all coins that have futures on Coinbase. So now we're going to give you the 14 coins that have been approved by the US regulators."
"One of the criteria for this listing standard is going to be the underlying crypto asset must have a CFTC regulated futures contract listed on a designated contract market."
"the bigger news is the SEC approved generic listing standards. This is going to allow exchanges to list commodity-based ETPs, which is kind of like an ETF, maybe a little bit less rules, including cryptocurrencies without individual reviews."
"If you're on a regulated exchange, i.e., Coinbase Derivatives, for six months, it will be allowed to become a spot ETF."
"if a coin has future trading on Coinbase, it's eligible for the fast track launch."
"SEC approved Grayscale's Digital Large Cap Fund for trading, which includes these five cryptocurrencies: Bitcoin, Ethereum, XRP, Solana, and Cardano."