Analysts believe approvals could start a new altcoin rally by giving investors regulated exposure, though the absence of heavyweights like Fidelity and BlackRock suggests this wave may be important but not conclusive. At the same time, the SEC introduced new listing standards for commodity-based trust shares, which could shorten approval times for spot ETFs tied to assets with existing futures markets. While Bloomberg analysts call this a catalyst for a “wave” of launches, critics like SEC Commissioner Caroline Crenshaw warn that the shift may bypass certain key investor protections.