The Securities and Exchange Commission (SEC) is reportedly exploring a simplified listing structure for crypto exchange-traded funds (ETFs), which will automate most of the approval process.
Under the proposed overhaul, ETF issuers may evade the 19b-4 application documents, and form entities submit to the SEC before the exchange lists financial products, according to To crypto reporter Eleanor Terrett.
Instead, the issuer will Submit SEC Form S-1initial list of registered files and wait 75 days. If the SEC does not object to the application, the issuer will list the ETF for free, reducing Communicate back and forth Between fund managers and regulators.
Trett said the proposal details include the qualification criteria for cryptocurrencies for issuers and regulators.
Crypto ETF approval is a hot topic because US-listed Altcoin ETFs can attract new capital to the Altcoin Markets, Possible to trigger ongoing Altcoin rally or seasonal seasons.
Related: Crypto “Altcoin ETF Summer” may receive SEC approval in July: Analysts
SEC Approves First Encrypted Protein ETF as Key Decision Loom
The SEC recently greened the country’s first fixed crypto ETF. Regulator Release allowed Rex shares the Solana ETF (Stak), which includes Stage Rewards as part of its strategy.
The move is because the SEC faces a backlog of pending decisions for several encryption-related ETFs, many with final deadlines Set in the second half of 2025. The recommendations for approval include holding litecoin’s ETF (LTC), dog (Doge), solana (sol) and xrp(XRP), and pile function requests on ether coins (eth)funds.
Bloomberg ETF analyst James Seyffart explain The crypto fund delay is expected to be delayed and will be held with a final deadline in October’s application scheduled for October.
Magazine: Bitcoin ETF makes Coinbase a “honeypot” for hackers and government: Trezor CEO
