SEC changes rule to accelerate the cryptocurrency ETP listing process

By Hannah Pérez

The US Stock Regulator. UU. Approved a modification of its rules that accelerate the process of listing gold and cryptocurrency investment products. It allows the bags to list without requiring an individual case review case.

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• The US Stock Regulator. UU. Approved a modification of its rules.
• Accelerate the list of gold, bitcoin and cryptocurrency investment products.
• Securities bags may list the ETPs without requiring a case -by -case review.
• It is a more direct and accelerated path towards the launch of Cryptocurrencies ETF.

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The United States Stock Exchange and Securities Commission (SEC) is causing the list in stock exchanges for stocks in the stock market (ETP) that maintain cash raw materials, including cryptocurrencies, is more expedited.

On Wednesday, the financial regulator announced the approval of a measure that accelerates the process so that the bags include in their offer this type of investment products without requiring the individual review of the agency on each occasion.

The bags Nasdaq, Nyse Arcaand CBOE BZX had previously requested the agency that will change a rule to “Allow the generic contribution and negotiation of fiduciary actions based on basic products ”.

In particular, the request mentioned the “Requirements established in rule 14.11 (e) (4)“, Which governs the negotiation and quote of fiduciary actions based on basic products and has specific requirements for certain actions to be contained in the stock market.

Previously, the bags had to present a 19B-4 form for each ETP, a process that could take up to 240 days, as highlighted The Block. The new rule now allows Letar ETP bags to comply with the “generic listed standards approved“, According to a statement from the SEC, reducing the deadlines significantly, potentially to just 75 days.

The change of norm eliminates the need for form 19B-4 for the ETPs that meet the established standards, expediting access to digital asset products in regulated markets in the US. UU.

The president of the SEC, Paul Atkins, stressed that this measure seeks “Reduce barriers to access digital asset products in regulated US markets., Ensuring that our capital markets remain the best for innovation in digital assets“, According to a statement cited by the news media.

A more direct path to cryptocurrency ETFs

As part of this measure, the SEC also announced yesterday the approval of Grayscale Digital Large Cap Funda multi -active background of Grayscale that is mainly composed of Bitcoinwith exposure also to Ethereum, Solana, Cardano and XRP. This fund, which previously operated in extraburstile markets for accredited investors, can now list regulated bags.

The approval marks a regulatory milestone at a time when dozens of requests for funds quoted in the stockbroker (ETF) of cryptocurrencies await the approval of the SEC for its launch to the US market. Administrators like Bitwise, Canary Capital, Fidelity, ARK And others seek to release ETF that track Altcoins as Sun, Doge, XRP, among others.

James Seyffart, analyst Bloomberg Intelligencehe said in an X publication that the change of norms represents the “Cryptocurrency ETP frame that we have been waiting for“, Anticipating a wave of launches in the coming weeks and months.

For his part, Kristin Smith, president of the Solana Policy Institutecelebrated the decision, stating that “Promotes the rule of law when establishing clear rules for businesses in the US. And allows investors to safely access digital assets“

This approval marks a significant change in the regulatory environment, facilitating the entry of regulated investment products based on Bitcoin and other cryptocurrencies to the US market, which could promote greater adoption of these assets.

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Article written with the help of AI, edited by Diariobitcoin

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