The U.S. Securities and Exchange Commission (SEC) has approved a rule change that allows Grayscale's Ethereum ETFs to be listed under a generic standard on NYSE Arca. This change enables the funds to trade continuously without needing individual approvals, although the SEC maintains a 60-day suspension authority to address any fraud or manipulation concerns.
This development is anticipated to streamline the process for future ETF listings and could potentially speed up approvals for other spot cryptocurrency ETFs. However, asset-specific reviews will still be required to ensure compliance with regulatory standards.
SEC Approves Rule Change for Grayscale Ethereum ETFs on NYSE Arca
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