SEC Approves First Multi-Crypto Spot ETP
On 29 July 2025, the US Securities and Exchange Commission (SEC) approved a proposed rule change to list and trade shares of a multi-crypto asset exchange-traded product (ETP), under NYSE Arca Rule 8.201-E. This marks the first time that the SEC has approved the listing of an ETP that will invest in more than one type of crypto asset on a spot basis; until now, the SEC has only approved listing rules permitting single crypto asset ETPs to be listed. The approved multi-crypto asset ETP (the Trust) will invest in both bitcoin and ether on a spot basis.
In approving the proposed rule change, the SEC noted that it was consistent with the Securities Exchange Act of 1934 (Exchange Act) and rules and regulations thereunder applicable to…
