The SEC has approved a new set of “generic listing standards,” designed to streamline the process for listing spot crypto ETFs. As of September 19, 2025, this change means that funds meeting basic criteria, such as having a regulated futures market for the underlying cryptocurrency can be listed much more quickly than before. Previously, each ETF had to undergo an extensive review process involving filings from both the exchange and the fund manager under Section 19(b). Now, this simplifies regulation, reduces approval times from several months to roughly 75 days, and lowers costs and legal barriers for fund issuers.