SEC Approves Standards That Could Lead to a Flurry of New Crypto ETFs
Key Takeaways
- The SEC has approved general listing standards for crypto ETFs.
- The new framework is expected to lead to an explosion in crypto ETF listings in the coming weeks and months.
- Under the new framework, crypto ETFs can be fast-tracked if the underlying crypto asset has had a futures market on a regulated exchange for at least six months and meets other standards.
The Securities and Exchange Commission has paved the way for a flurry of new crypto-related exchange-traded funds.
The SEC late Wednesday announced that it approved generic listing standards for commodity-based exchange-traded products, fast-tracking the approval for crypto funds. By approving the standards across Nasdaq, Cboe BZX, and NYSE Arca, the SEC has…
