#altcoin-etfs

#altcoin-etfs

Spot bitcoin ETFs recorded net outflows of $331.05 million, marking another difficult session for the category following Monday's sharp decline. Once again, Blackrock's IBIT carried the overwhelming share of the selling pressure, losing $325.58 million in a single day. The remaining outflows were comparatively small. Valkyrie's BRRR saw a $3.79 million exit, while Fidelity's FBTC lost $1.67 million. No ETF recorded inflows during the session, underscoring the market's defensive tone.

The U.S. Securities and Exchange Commission (SEC) recently adopted updated standards for ETF listings. Under these rules, ETFs that meet predefined criteria no longer require individual regulatory review, significantly reducing approval times. Industry sources report that the approval process could shrink to 75 days or less, compared with up to 270 days under previous procedures. The new standards are designed to streamline market entry for ETFs tied to a broader range of cryptocurrencies, including solana, XRP, and cardano.