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U.S. Greenlights Generic Rules, Opening Door for Altcoin ETFs

coinpaprika.com

1 day ago

U.S. Greenlights Generic Rules, Opening Door for Altcoin ETFs

The U.S. Securities and Exchange Commission (SEC) has approved generic listing standards that will allow exchanges to list crypto exchange-traded products (ETPs) without needing individual approval for each case. This change streamlines the process, enabling faster launches of spot crypto ETFs. According to Bloomberg the rule covers assets with a regulated futures market, such as those listed on Coinbase. Currently, around a dozen cryptocurrencies meet the requirement, including Bitcoin (BTC) and Ethereum (ETH). SEC Chairman Paul Atkins called the move a step toward expanding investor choice and fostering innovation. The regulator also approved the Grayscale Digital Large Cap Fund and Bitcoin ETF options but delayed a decision on the Truth Social Bitcoin ETF. SOURCESU.S. Securities and Exchange Commission (SEC) – Official: sec.gov According to Bloomberg the rule covers assets with a regulated futures market, such as those listed on Coinbase. Currently, around a dozen cryptocurrencies meet the requirement, including Bitcoin (BTC) and Ethereum (ETH). SEC Chairman Paul Atkins called the move a step toward expanding investor choice and fostering innovation. The regulator also approved the Grayscale Digital Large Cap Fund and Bitcoin ETF options but delayed a decision on the Truth Social Bitcoin ETF. SOURCESU.S. Securities and Exchange Commission (SEC) – Official: sec.gov SEC Chairman Paul Atkins called the move a step toward expanding investor choice and fostering innovation. The regulator also approved the Grayscale Digital Large Cap Fund and Bitcoin ETF options but delayed a decision on the Truth Social Bitcoin ETF. SOURCESU.S. Securities and Exchange Commission (SEC) – Official: sec.gov The regulator also approved the Grayscale Digital Large Cap Fund and Bitcoin ETF options but delayed a decision on the Truth Social Bitcoin ETF. SOURCESU.S. Securities and Exchange Commission (SEC) – Official: sec.gov SOURCESU.S. Securities and Exchange Commission (SEC) – Official: sec.gov SOURCESU.S. Securities and Exchange Commission (SEC) – Official: sec.gov

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