SEC Slashes Crypto ETF Approval Time by 69%
The U.S. Securities and Exchange Commission (SEC) has implemented a new framework designed to streamline the approval process for cryptocurrency exchange-traded funds (ETFs). This reform aims to significantly reduce the time it takes for a crypto ETF to go from filing to launch, cutting the timeline from up to 240 days to approximately 75 days. The new guidelines introduce a single, general rule for all listings, simplifying the approval process and making it more efficient.
Historically, the approval process has been time-consuming due to the need for multiple, specific rules for each listing. By adopting a more generalized approach, the SEC hopes to expedite the review process, allowing for faster market entry for dozens of crypto…
