Dogecoin, XRP Spot ETFs See Record First-Hour Trading Volumes As SEC Announces New Listing Standards

Dogecoin (CRYPTO: DOGE) and XRP (CRYPTO: XRP) are rallying on Thursday as their ETF launches coincide with the SEC announcing its “generic listing standards” for crypto exchange-traded products.

What Happened: Bitwise Chief Investment Officer Matt Hougan explained that these new rules could allow automatic approvals within 75 days if filings meet clear requirements, rather than the current slow case-by-case process.

Likely criteria include the presence of a regulated futures contract, which could soon open the door to ETFs on Solana C(RYPTO: SOL), Chainlink (CRYPTO: …

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