The US stock and values commission. UU. Approved a change in how companies can enumerate and negotiate Fincheled Funds, which should optimize the process for new products in the future.
You are reading State of Crypto, a Coendesk newsletter that analyzes the intersection of cryptocurrency and government. Click here to register in future editions.
The narrative
The majority of the commissioners of the US stock and values commission. UU. They voted to optimize the process by which companies could enumerate and exchange spot -exchange spot actions on the stock exchange. (ETF)as well as other types of ETF, by approval of a generic listing standard.
Why does it matter
For more than a decade, the process to (Try) List of a Crop -Folding Spot Fund was a 270 -day process that generally ended in the ETF application that was rejected. Last year, under the former SEC president, Gary Gensler, the regulator approved the first spot Crypto ETF, for Bitcoin and Ether. During the past year, we have seen requests for several other assets.
Break down
The idea that the SEC will create generic listing standards has been discussed for a few months, at least since the regulator arrested the launch of the Grayscale Gran Cap digital fund earlier this year.
In July, the SEC approved GDLC to ascend as an ETF, but almost immediately stopped the process. At that time, a family individual said that pause was probably intended to give SEC enough time to develop those generic listings.
Last Wednesday, the SEC approved these standards, allowing companies to avoid the process of the exchange law if their proposed products meet the standards.
In a statement, the president of the SEC, Paul Atkins, said: “By approving these generic list digital within the capital markets of the United States. “
Several Spot Crypto ETF applications have been waiting for a final decision of the regulator, and it seems likely that several new products will go to the market in the coming months.
Read more:
The SEC facilitates the listing process of ETF crypt and crypto, approves the gray large -scale cryptographic background
Crypto ETF ‘The “open’
Thursday
- 14:00 UTC (10:00 am et) There will be a probative hearing in the game of the Department of Justice against the former cryptographic lobbyist and candidate at the time of the Michelle Bond Congress.
If you have thoughts or questions about what I should discuss next week or any other comments you want to share, do not hesitate to send me an email to [email protected] or find myself at bluesky @nikhileshde.bsky.social.
You can also join the group conversation on Telegram.
Look, next week!
