Hashdex's combo ETF has been launched under SEC's new generic listing standard
The product offers exposure to Ripple-linked XRP, Solana , Stellar , as well as Bitcoin and Ethereum , the two leading cryptocurrencies. Crypto Exchange Giant Kraken Wraps Up $500 Million Funding Round Shiba Inu Spikes 200% in Volume, Ripple Partner Exchange Drops Scam Alert for XRP Community, Dogecoin on Verge of Golden Cross Flip — Crypto News DigestA"generic listing standard" is a rule that makes it possible for exchanges, such as the Nasdaq, to list ETFs automatically instead of going through several months of wrangling.
It is supposed to be a game-changer for crypto, given that such products tend to face long reviews and delays.A certain asset should also trade on a market that is part of the Intermarket Surveillance Group in order to ensure proper surveillance. Most importantly, a specific ETH should have at least 40% of an asset that already has an available ETF. Hence,"combo" ETFs that also contain more arcane altcoins can qualify for a debut without going through a formal approval process. The report says that the list of ETFs that will be approved in the near future includes spot-based Solana and XRP ETFs.
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