The U.S. Securities and Exchange Commission (SEC) has approved a new framework for the listing of cryptocurrency exchange-traded products (ETPs), significantly reducing the approval timeline from up to 240 days to as few as 75 days. This streamlined process marks a departure from the previous case-by-case review, facilitating quicker market entry for ETPs tied to major cryptocurrencies such as Bitcoin, Ethereum, SOL, and XRP.
This regulatory shift is expected to accelerate the launch of new crypto investment products and enable financial advisors to incorporate digital assets into portfolios more seamlessly. Additionally, it supports the integration of cryptocurrencies into traditional banking systems. Grayscale has already received conditional approval to convert its Digital Large Cap Fund into a multi-asset ETF, highlighting the SEC's move as a pivotal moment in the mainstream adoption of cryptocurrencies.
SEC Streamlines Approval Process for Crypto ETPs, Easing Market Entry
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