The U.S. Securities and Exchange Commission (SEC) is exploring the potential for streamlining the registration process for crypto ETFs, which could significantly impact the market.
SEC's New Proposal for Crypto ETF Issuers
According to crypto journalist Eleanor Terrett, the SEC is proposing a simplified listing structure for crypto ETFs that could allow issuers to skip 19b-4 application filings. Instead, they would submit SEC form S-1 and wait for 75 days. If the SEC raises no objections, the issuer would then be free to list the ETF.
First Approved Crypto ETF Featuring Staking
The SEC has recently approved the country’s first staking crypto ETF — the REX Shares Solana ETF, which incorporates staking rewards into its strategy. This approval marks a significant step amidst a backlog of pending decisions on various crypto ETFs.
Market Reaction and Expectations
Discussions regarding crypto ETFs are becoming increasingly relevant as successful approvals could attract new capital into the altcoin market. Analysts noted that expectations for ETF approvals may also lead to renewed interest in altcoins.
The potential simplification of the registration process for crypto ETFs by the SEC could alter market dynamics, providing new opportunities for both investors and issuers.
