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More than 100 crypto exchange-traded products could motorboat successful speedy succession successful 2026, pursuing caller guidance from the US securities regulator that drastically reduced the processing times for caller funds, according to a Bitwise researcher.
“From present we are going to accelerate guardant astatine ridiculous speed,” Bitwise researcher Ryan Rasmussen said during an interrogation with the Bankless podcast connected Tuesday.
“We deliberation implicit 100 crypto-linked ETPs volition motorboat adjacent year; those volition beryllium spot crypto, index, equities, astute beta, momentum, each kinds of things,” Rasmussen added.
Rasmussen based his prediction connected the US Securities and Exchange Commission’s (SEC) merchandise of generic listing standards successful October, which eliminated the request for idiosyncratic 19(b) approvals for qualifying crypto ETPs.
More crypto ETFs whitethorn pb to the commencement of altcoin season
“It is fundamentally a playbook letting ETP issuers similar Bitwise cognize that if an plus meets a definite criteria, past you tin database an ETP. We nary longer person this 240-day waiting play that we each went through,” helium said.
Many marketplace participants presumption the motorboat of further crypto ETPs that way altcoins arsenic a bullish motion for the market.
Bitwise’s Matt Hougan (bottom left) and Ryan Rasmussen (bottom right) were interviewed connected the Bankless podcast. Source: BanklessBitfinex analysts said successful August that altcoins are improbable to spot a broad, outsized rally until ETFs offering exposure beyond the largest cryptocurrencies are approved.
Rasmussen said it has been astir 15 years since Gemini co-founders Tyler and Cameron Winklevoss filed for the archetypal Bitcoin ETF, yet determination are inactive lone a “handful” of crypto ETPs connected the marketplace today.
“It matters for investors due to the fact that present they person a large paper to take from, connected however they privation to allocate,” helium said, likening it to however the excitement of a edifice often depends connected the size of its menu:
“You tin ideate investors going done the edifice and having similar 2 things connected the menu, they are not going to beryllium precise excited astir it, and it’s not going to beryllium a precise large experience, but present their going to spell and person a paper that’s similar the cheesecake mill of ETPs.”The fig of crypto ETPs connected the marketplace has precocious climbed supra 300, according to Fineqia International.
Crypto analysts align connected bullish interaction of SEC’s caller rules
The generic listing standards guidance could pb to galore much crypto ETP launches successful the adjacent future.
On Sept. 17, Bloomberg ETF expert James Seyffart said the argumentation alteration would beryllium a affirmative determination toward a “wave of spot crypto ETP launches.”
Related: UK regulator consults connected crypto rules for exchanges, lending and DeFi
Seoyoung Kim, an subordinate prof of concern astatine the Leavey School of Business astatine Santa Clara University, precocious told Cointelegraph that portion it whitethorn not person overmuch impact connected already “legitimized” categories specified arsenic Bitcoin (BTC) and Ether (ETH), it could bring important benefits to different crypto products.
“For a futures oregon spot ETF for integer assets that haven’t already been individually vetted, these regularisation changes could chopped down the clip to support from years to months. Of course, the would-be ETF indispensable inactive comply with pre-existing standards for ETF formation, listing, and trading,” Kim said.
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