The US Securities and Exchange Commission (SEC) is exploring a new listing structure for crypto exchange-traded funds (ETFs) that could simplify the approval process. Under this proposed overhaul, ETF issuers may bypass the traditional 19b-4 application filings and instead submit an initial listing registration filing. If the SEC does not raise objections within 75 days, issuers could list their ETFs, significantly streamlining communication between fund managers and the regulator. The details on the eligibility of cryptocurrencies for this expedited process are still pending confirmation. This initiative comes at a time when the SEC has recently approved its first staked crypto ETF and is facing a backlog of pending applications for other crypto-related ETFs, including those involving altcoins like Litecoin, Dogecoin, and Solana. Analysts anticipate delays in the approval timelines for several crypto fund applications, with critical deadlines set for October.

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