It is reported that the SEC is studying a simplified listing structure for cryptocurrency ETFs, which will significantly automate several aspects of the approval process.
Cryptocurrency journalist Eleanor Terrett revealed that under this reform proposal, ETF issuers are expected to bypass the 19b-4 application process— the form that financial products must currently submit to the SEC before being listed on an exchange.
According to the new plan, issuers only need to submit an S-1 form (initial listing registration document) to the SEC and wait for 75 days. If the SEC does not raise any objections during this period, the issuer can directly list the ETF, which is expected to greatly reduce the back-and-forth communication between fund managers and regulatory agencies.
Terrett added that the specific details of the proposal, including which cryptocurrencies can be included in the expedited process, are still to be confirmed further by the issuing institutions and regulatory authorities.
The approval of cryptocurrency ETFs has always attracted attention. The listing of altcoin ETFs in the U.S. is expected to attract new capital into the altcoin market, potentially triggering a sustained "altcoin season" trend.
Recently, the SEC officially approved the first cryptocurrency staking ETF in the U.S. The agency allowed the listing of the REX Shares Solana ETF (STAK), which incorporates staking rewards into its investment strategy.
In this context, the SEC still has several cryptocurrency ETFs pending, with the final approval deadlines for many products set for the second half of 2025. Proposed approvals include ETFs holding Litecoin (LTC), Dogecoin (DOGE), Solana (SOL), and XRP (XRP), as well as applications regarding the staking characteristics of Ethereum (ETH) funds.
Bloomberg ETF analyst James Seyffart stated that the delays in the approval of cryptocurrency funds are expected, with the final deadlines for some applications set for October.
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Original article: “U.S. Regulators Consider Simplifying Listing Process for Cryptocurrency ETFs”
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