[Bitwise CIO: SEC's Proposed Universal Listing Standards May Drive Crypto ETP Growth] Bitwise Chief Investment Officer Matt Hougan stated that the U.S. SEC's proposed universal listing standards could significantly enhance the approval efficiency of crypto ETPs, with potential approval in as little as 75 days. This change might trigger explosive growth in the crypto ETP market. Additionally, he noted that factors such as interest rate cuts, capital inflows, increased attention on the U.S. dollar, as well as the strong performance of tokenization and stablecoins, have laid the foundation for a market rebound by year-end. Currently, each spot crypto ETP requires a separate application, with an approval process lasting up to 240 days. The universal standards would greatly shorten this timeline.