New SEC rules could bring dozens of crypto ETPs by October, says Bitwise CIO

New standards from the U.S. Securities and Exchange Commission (SEC) for listing crypto exchange-traded products (ETPs) could completely transform the market, according to Bitwise Chief Investment Officer (CIO) Matt Hougan. In a statement reported by The Block, Hougan noted that under the proposed changes, any cryptocurrency that meets predefined criteria could launch an ETP and receive approval in as little as 75 days. He predicted that if the standards are adopted, dozens of crypto ETPs could launch around October, which would also attract more traditional asset managers into the market. The SEC first published its proposed rule change for crypto ETP listing standards in July.