SEC makes the Crypto ETF listing process easier, approved Grayscale’s large-cap Crypto-Crypto Capto
The US Securities and Exchange Commission (Sec) During Wednesday approved a set of policies for exchanges to list the exchange -exchanged products (ETPS) The handling of the commodities of the area, including cryptocurrencies, without asking for individual agency analysis each time.
The decision Enable exchanges to proceed with the List of Suggested ETFs by Sidestepping a Frequent Length of 19(b) The process of filing a rule can take up to 240 days and the SEC is asked to actively approve or disagree with an ETF.
Essentially, the process will be more and more is a moreamline than before.
ETF gives will approach the exchanges (NASDAQ, NYSE, CBEE) with the idea of the product and the desire to list their ETF. If the suggested approach (token or combination of tokens) Of those who meet the standard list, then the exchange may continue to list ETF.
SEC Chairman Paul Atkins said the decision aims to reduce barriers to accessing digital assets in the US regulated markets.
“By approving the common criteria on this list, we make sure our capital markets remain the best place in the world to engage in cutting the changing digital assets,” Sec Chairman Paul Atkins said in a statement.
Next to the change of rule, the agency Signed off In the Grayscale Digital Large Cap Fund, which monitors the genitals -owners CoinDesk 5 Index and is currently made up of bitcoin Ether (Et)XRP Solana and Cardano .
Read more: The SEC Grayscale Fund pause is likely to be temporary
The regulator also approved the launch of options tied to the CBOE Bitcoin US ETF Index and its mini version, expanding the range of crypto -associated derivatives available in US regulated markets.
Big move for the ETFs of Altcoin
The SEC listing standards can open a way for a wave of ETFs based on the ETFs area waiting for the nod of regulators to enter the market.
“This is the framework of the Crypto ETP we are waiting X post. “Get ready for a wave of Crypto ETP spot launches in the coming weeks and months.”
Eachoing this emotion, Kristin Smith, the president of the Solana Policy Institute, said, “We are unable to believe tonight’s news: The SEC continues to promote the rule of law by setting clear policies of businesses for the US and taking positive measures to allow American investors to safely access digital assets.”
“New standard lists are a net-positive for our investors, market, and digital asset change. Excited the next wave of crypto adoption!,” He added.
Update (September 8, 12:05 UTC): Correct 270 days to 240 days and clarify the approval process.
