SEC Approves! Paving the Way for Altcoin ETFs: New Decision Closely Concerns 12 Altcoins Including XRP! The SEC has approved general listing standards for ETFs, covering 12 altcoins. At the end of July, the US Securities and Exchange Commission (SEC) announced new rules outlining general listing standards for cryptocurrency ETPs. While it was stated that the approval of these rules would pave the way for the approval of ETFs pending before the SEC, the expected approval from the SEC has come. Accordingly, the SEC approved general listing standards for commodity-based exchange-traded funds (ETFs). This approval is also critical for altcoins awaiting approval from the SEC. For the SEC to approve, altcoins applying for a spot ETF will need to be traded on an authorized futures market for at least six months. At this point, when the SEC first published these rules, Bloomberg senior ETF analyst Eric Balchunas said that all altcoins that have been traded on the derivatives exchange of Coinbase, the largest US exchange, for more than six months would be eligible for a spot ETF. Balchunas listed the altcoins that meet this requirement and are currently traded on the Coinbase futures platform as follows: “Litecoin (LTC), Bitcoin Cash ($BCH ), Dogecoin (DOGE), Polkadot (DOT), Shiba Inu ($SHIB ), Avalanche (AVAX), Chainlink (LINK), Stellar (XLM), Solana (SOL), Hedera ($HBAR ), Cardano (ADA), and XRP.” Eric Balchunas stated that the adoption of general listing standards following the SEC's approval could trigger a wave of approvals in the crypto ETP market. He noted that the number of ETFs approved by the SEC doubled the last time it implemented a similar standard, and predicted that more than 100 crypto ETFs could launch in the next 12 months.

At present, the total market value of SS20 coins is only more than 20,000 US dollars, the market circulation market value is only more than 10,000 US dollars, and the total issuance volume is 1 billion SS20 coins. There is no additional issuance mechanism. SS20 is a cross-chain that links SOL and BTC ecology, with great development potential. You are a project party or an investment company at a low price now. Do you want to sell? Or did you want to pull up a wave before selling? Such a low market value and currency price have great potential. Not to mention 100 times, about 10 times can definitely be reached. If the project party or investment company wants to earn more, it will definitely pull it up and sell it. At that time, it will all be profit. Think about whether this is the truth.

#DOGE# & #XRP# ETFs hit the market today via REX-Osprey. The altcoin wave is here. ⚡ #Altcoins#