SEC Streamlines Crypto ETF Listings, Greenlights Grayscale’s Large-Cap Fund
The U.S. Securities and Exchange Commission (SEC) has taken a significant step in the cryptocurrency landscape by approving new rules that simplify the process for exchanges to list exchange-traded products (ETPs) that hold spot commodities, including digital currencies. This development eliminates the need for individual approval from the SEC for each listing, potentially accelerating the introduction of various crypto assets into regulated markets. Under the newly adopted regulations, exchanges that adhere to established generic listing standards can directly bring commodity-based trust shares to market. This change bypasses the often-prolonged 19(b) filing procedure, which traditionally required up to 270 days for