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Major exchanges can now list spot crypto funds, including XRP, Solana, and Litecoin. A new SEC listing standard, Rule 6c-11, allows for quicker approval of commodity-based crypto ETFs by shortening the review timeline to as little as 75 days.

Rule 6c-11 enables exchanges to implement listing for commodity-based trust shares without undergoing a complete 19b-4 review.

This change accelerates product launches and expands investment options by simplifying the listing process for qualified cryptocurrency ETFs. Under this new standard, major exchanges like Nasdaq, NYSE Arca, and Cboe BZX can list eligible crypto ETFs. As a result, pending filings for spot ETFs involving Litecoin, Dogecoin, Solana, and XRP may advance more rapidly.

Additionally, Brad Garlinghouse, CEO of Ripple, discussed how XRP addresses liquidity issues in cross-border payments.

He highlighted the significant problem the asset aims to solve, noting that trillions of dollars remain idle in nostro and vostro accounts globally.

Garlinghouse buttressed that the long-term value of a digital asset should arise from its practicality, not speculation.

He encouraged investors and industry stakeholders to consider the specific problems a token addresses, the significance of those problems, and the number of clients it serves.