According to @BullTheoryio, the SEC has approved generic listing standards for Commodity-Based Trust Shares on Nasdaq, Cboe, and NYSE, removing the need for future 19b-4 exchange approvals and shifting the focus to S-1 registration with Corp Fin for crypto ETPs (source: @BullTheoryio). According to @BullTheoryio, issuers for SOL, XRP, DOGE, ADA, LTC, and AVAX were asked to withdraw their exchange filings because the generic standards now cover listings, leaving only S-1 clearance to proceed (source: @BullTheoryio). According to @BullTheoryio, Bloomberg analysts now put the approval odds for altcoin ETFs at 100% and see a near-term wave of listings, implying imminent liquidity inflows, broader TradFi spot access to SOL, XRP, DOGE, and ADA, and ETH’s ETF serving as precedent for market structure and flows (source: @BullTheoryio; Bloomberg analysts as cited by @BullTheoryio).

According to the source, Fidelity has amended its proposed spot Solana (SOL) ETF filing to seek listing under an exchange’s generic listing standards, which are pre-approved rules for certain commodity-based trust shares. Source: the source; SEC Exchange Act Rule 19b-4; NYSE Arca Rule 8.201-E; Cboe BZX Rule 14.11. Under SEC Rule 19b-4 and these exchange generic standards, eligible products can list without a separate rule-change order, potentially shortening the path to market if all criteria are met. Source: SEC Exchange Act Rule 19b-4; NYSE Arca Rule 8.201-E; Cboe BZX Rule 14.11. However, trading cannot begin until the SEC declares the registration statement effective and the listing exchange issues a commencement notice. Source: SEC Securities Act Section 8(a); NYSE Arca and Cboe listing procedures. For traders, key watch items include the chosen listing venue, surveillance-sharing representations, and creation/redemption mechanics, which were pivotal in the SEC’s January 2024 approvals for spot BTC ETPs. Source: SEC Release No. 34-99306 (January 10, 2024). If confirmed, a viable generic-listing path could accelerate potential SOL access for U.S. brokerage accounts, echoing the distribution expansion seen after spot BTC ETP approvals. Source: SEC Release No. 34-99306.