The Securities and Exchange Commission quietly turned the switch over. We have approved a general listing standard that eliminates one of the biggest regulatory bottlenecks in cryptographic ETFs.
In reality, the exchange no longer requires submitting a separate Form 19b-4 for each token ETF. The SEC says: “If it fits, please list it.”
Analysts call this a fork moment. It shows that the new framework is working as intended.
Something unusual, old vs new
Previous: All Crypto ETFs needed their own 19B-4 application. It meant legal conflicts and uncertainty around months.
Currently: If the token meets the general standard, the exchange can list it under existing rules in the SEC. In other words, the red tape is cut.
The SEC has asked ETF issuers to withdraw the pending 19B-4 filing. why? Because they are redundant under the new regime.
This change provides shortcuts for token ETFS for $XRP, $sol, $ada, $ltc, and $doge (assuming they meet eligibility).
scoop: the @secgov I asked the publisher of $ ltc, $ xrp, $ sol, $ adaand $doge The ETF will withdraw the 19B-4 filing following approval of general listing standards and replace the need for these filings. AM is said to have a potential withdrawal soon this week.
– Eleanorterrett (@Eleanorterrett) September 29, 2025
- September 29: The SEC has officially approved the general listing standards. ([SEC][1]))
- A few months ago, the SEC Cryptographic Task Force was in operation.
- Earlier this year, XRP, SOL, ADA and Doge ETF applications were stuck in Limbo.
Now those delays have lost their strength.
Message: “Drop old documents”
By pressing the drawer, the SEC is sending a signal. Older documents are outdated. Submitting 19B-4 that consumed time and legal budget? They are in the chopping block.
This is not a rejection of these ETFs. It is a reorganization of the path forward. It’s not a barrier, it’s a green light of regulation.
- Token ETFs for XRP, SOL, ADA, DOGE, and LTC get faster lanes.
- Institutional investors gain faster access.
- The US market will begin to reflect more closely the global crypto ETF regime.
- Single Asset Token ETFs (like pure XRP funds) offer more works.
The floodgates are beginning to break.
- The withdrawal notice may drop this week.
- The exchange will be a relist (or a fresh list) under the new generic standard.
- Q4 was able to see the waves of release.
Competitive pressures could push more token ETFs, including pure play, and ask for listings.
Wall Street won’t ignore this shift.
Regulation background and mechanics
The new rules rely on Rule 19b-4(e) of the Exchange Act. This provision allows exchanges to list new derivative securities without individual reviews if the list class has previous SEC approval rules.
The exchange (NASDAQ, NYSE ARCA, CBOE BZX) had already proposed to adopt a general listing standard for commodity-based (including Crypto) ETPS.
Under the new setup:
- If your ETP (or ETF) meets listings, monitoring, disclosures, and other criteria, you can perform live without another 19B-4 filing.
- For those who do not immediately obtain qualifications, the exchange can still submit old methods.
The SEC press release clearly states, “There is no need to go through “exchanges over a long period” for such ETFs, taking into account existing general listing standards… the 19B-4 review process…”
🚨breaking: Sec says it must withdraw its Crypto ETF submission 🚨
The SEC just told the publisher $ xrp, $ ltc, $ sol, $ ada & $doge ETF to draw their applications.
Bad sound? That’s actually the opposite – a new first track system has just been revealed. 🧵👇 pic.twitter.com/s9bjj0krue
– Diana (@investwithd) September 29, 2025
Why is this a big deal?
This is probably the biggest change in ECF rules for crypto so far in the US.
This coincides with the logic of traditional ETF rule 6C-11, similarly replacing per-slow case approval with standard routes.
Some people expect to dramatically reduce their timeline and review short 75-day windows under new rules (up to 240 days for the old process)
It sends a message: The US accepts tokenized finances (if compliant) rather than avoiding it in the regulatory waiting room.
Risk and open questions
Not all tokens pass general standards. You may still need to adjust the filing.
Interpretation and enforcement of the SEC is important over time.
Some publishers may delay relisting until the second half of the fourth quarter.
This framework may invite legal challenges or requests to clarify in the case of the edge.
What looks like a technical Rejig is actually a structural shift. The SEC just tore a pile of red tape. XRP, SOL, ADA, DOGE and LTC Crypto ETFs have been targeted for high-speed trucks.
Headlines may sound amazing (“retraction”), but the reality behind them is far more radical. The United States accelerated crypto democratization.
Hopefully in the coming months we will reshape how token ETFs will be on the market.
Disclosure: This is not trading or investment advice. Always do research before purchasing cryptocurrency or investing in services.
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