The U.S. Securities and Exchange Commission has streamlined the process for launching spot crypto exchange-traded funds. Previously, issuers needed to wait up to 240 days under the 19(b) filing process for approval.
Now, exchanges such as Nasdaq, NYSE, and Cboe can move forward if new products meet generic listing standards, avoiding case-by-case reviews. SEC Chairman Paul Atkins said the decision ensures U.S. markets remain a hub for digital asset innovation by lowering access barriers.
In addition to the rule change, the SEC approved the Grayscale Digital Large Cap Fund, which follows the CoinDesk 5 Index of bitcoin, ether, XRP, Solana, and Cardano. The regulator also signed off on options linked to the Cboe Bitcoin U.S. ETF Index and its mini version. Analysts say these steps could pave the way for a new wave of altcoin ETFs, giving investors more regulated exposure to digital assets beyond bitcoin and ether.
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