SEC reportedly considering standard to fast-track crypto ETFs
The Securities and Exchange Commission (SEC) is working with US exchanges on a generic listing framework for token-based exchange-traded funds (ETFs) that could eliminate the need for issuers to file individual rule-change requests, Fox News’ Eleanor Terret reported on July 1.
According to the report, the initiative would enable an ETF sponsor to bypass the customary Form 19b-4 process when the underlying token meets predetermined criteria.
The sponsor would instead submit a registration statement on Form S-1, observe the standard 75-day review period, and list the product once the waiting period ends.
People familiar with the talks said that market capitalization, on-exchange trading volume, and daily liquidity are among the…
