The SEC is considering establishing a new framework to expedite the approval process, with a draft framework expected to be released this month.
The U.S. Securities and Exchange Commission (SEC) is considering establishing a new framework to expedite the approval process, with multiple spot crypto ETFs expected to be approved soon. According to crypto reporter Eleanor Terrett, the new framework may allow exchanges to directly list eligible crypto ETFs according to uniform standards, without having to submit 19b-4 filings to the SEC individually. Trading platforms can then list them after a 75-day waiting period. Bloomberg ETF analyst James Seyffart expects the draft framework to be released this month and implemented in September or October, at which point the gates for other crypto asset ETFs will open. [TheBlock]
The SEC is considering establishing a new framework to expedite the approval process, with a draft framework expected to be released this month.
The U.S. Securities and Exchange Commission (SEC) is considering establishing a new framework to expedite the approval process, with multiple spot crypto ETFs expected to be approved soon. According to crypto reporter Eleanor Terrett, the new framework may allow exchanges to directly list eligible crypto ETFs according to uniform standards, without having to submit 19b-4 filings to the SEC individually. Trading platforms can then list them after a 75-day waiting period. Bloomberg ETF analyst James Seyffart expects the draft framework to be released this month and implemented in September or October, at which point the gates for other crypto asset ETFs will open. [TheBlock]
