The US Securities and Exchange Commission has approved a change in how companies and trade can list shares of exchange-exchanged funds, which should streamline a process for new products progressing.
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The narrative
The majority of commissioners in the US Securities and Exchange Commission voted to streamline the process by which can list and trade shares of funds exchanged by Crypto Exchange (ETFS)As well as other types of ETF, by approved of a common listing criteria.
Why important
For more than a decade, the process in (Try and) List a funds exchanged by the crypto exchange is a 270-day process that is usually completed in the ETF application declined. Last year, under former SEC chairman Gary Gensler, the regulator approved the first place at Crypto ETF, for Bitcoin and Ether. Last year, we found applications for many other ownership.
Breaking it
The idea that the SEC will create common criteria on the list is discussed within a few months, at least Ever since the regulator kept quiet Launching the Grayscale’s digital big cap fund earlier this year.
In July, the SEC approved the GDLC to submit as an ETF, but the process was almost immediately paused. At this time, an individual said the pause was likely to be intended to give the SEC ample time to develop the common criteria on the list.
Last Wednesday, the SEC approved those standards, allowing companies to exceed the Exchange Act process if their suggested products meet the standards.
In a statement, SEC Chairman Paul Atkins said, “By approving the common criteria on this list, we ensure that our capital markets remain the best place in the world to engage in cutting the changing digital properties. This approval helps to maximize the choice of investor and care digital owned within the trusted capital markets. “
A number of Crypto ETF applications are waiting for a final decision from the regulator, and it seems likely that a number of new products will come to the market in the coming months.
Read more:
SEC makes the Crypto ETF listing process easier, approved Grayscale’s large-cap Crypto-Crypto Capto
Thursday
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