New SEC Framework Could Slash Crypto ETF Approval Times to 75 Days
2 Articles
2 Articles
New SEC Framework Could Slash Crypto ETF Approval Times to 75 Days
The U.S. Securities and Exchange Commission (SEC) is reportedly in the early stages of collaborating with major exchanges to develop a universal listing standard for token-based exchange-traded funds (ETFs). An inside source told Fox Business reporter Eleanor Terrett that if a token meets the criteria, issuers could potentially skip the lengthy and document-heavy 19b-4 process, file an S-1, and the exchange could list it after a 75-day waiting p…
Grayscale ETF Conversion Hits Regulatory Freeze Despite SEC Approval
Despite receiving SEC approval on July 1, the transition has been put on hold by an unexpected stay order, effectively halting trading plans for now. The sudden pause has sparked speculation among analysts. Bloomberg’s James Seyffart suggested that either internal SEC reviews are still underway, or the regulator might be holding off on all token-based ETF activity until a standardized framework is finalized. Meanwhile, fellow analyst Eric Balchu…
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