SEC Approves Exchange Rule Changes for Streamlined Commodity-Based Trust Listings

The SEC’s approval of new listing standards for spot crypto ETFs marks a significant shift in digital asset regulation, potentially paving the way for faster approval of a broader range of crypto products.

BTC

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XRP

19h ago

Fact Check

The evidence strongly supports the statement. Source 4, a notice from the Federal Register, explicitly states that 'The Commission approved the Exchange's proposal' regarding Rule 14.11(e)(4), which 'governs the listing and trading of Commodity-Based Trust Shares.' Furthermore, Source 1 clarifies that the intent of such proposals is to 'streamline the listing process.' While many other provided documents refer to filings and proposals, Source 4 provides direct confirmation of an SEC approval for the rule change.

Summary

The U.S. Securities and Exchange Commission (SEC) has approved new listing standards for spot crypto ETFs, streamlining the approval process for crypto commodity-based trust shares. The rule changes allow exchanges like Nasdaq, NYSE Arca, and Cboe BZX to fast-track the listing of crypto ETFs without needing individual SEC approval for each product. These changes could lead to a broader array of crypto assets, including Solana and XRP, entering the ETF market. However, concerns about investor protection persist, as some critics question the adequacy of the new regulatory framework.

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