SEC сокращает сроки одобрения крипто-ETF, открывая двери для новых инвестиционных возможностей Translation: SEC Cuts Approval Times for Crypto ETFs, Opening Doors to New Investment Opportunities

The U.S. Securities and Exchange Commission (SEC) has approved new general listing standards that will reduce the application review period for crypto-related ETFs from 240 days to 70 days.

«We have established sufficient grounds for early approval of proposals—before the standard 30-day period following the publication of amendments in the Federal Register,» the document states.

The regulator has also introduced clear criteria for listing funds on the Nasdaq, NYSE Arca, and Cboe BZX exchanges. A product must be linked to an asset traded on platforms from the ISG, or serve as a basis for a futures contract registered on an approved market for at least six months.

Another requirement is for the asset to track a component that is part of another ETF, with a stake of no less than 40%, and registered on a national stock exchange, as clarified by the SEC. Exchanges that do not meet the specified standards must submit a separate application.

«By approving these listing standards, we ensure that our capital markets remain the best in the world for engaging with cutting-edge innovations in digital assets,» remarked SEC Chairman Paul Atkins in his statement.

According to him, this latest regulatory decision will broaden investment options and reduce barriers to accessing cryptocurrency-based instruments.

On September 17, the Commission also approved the listing of the first multi-coin fund—Grayscale Digital Large Cap Fund. It consists of five assets: Bitcoin, Ethereum, XRP, Solana, and Cardano, as reported by the company’s CEO.

Bloomberg’s market analyst James Seyffart called the changes «the structure for crypto-ETFs that the market has long awaited.» He forecasted the launch of new investment products in the U.S. «in the coming weeks and months.»

His colleague Eric Balchunas shared a list of coins that meet the SEC’s new ETF listing criteria. This includes Litecoin, Dogecoin, Polkadot, Avalanche, and others.

«Now, [crypto-ETFs] can be launched (without all the fuss and bureaucracy for each case) under the Securities Act of 1933, as long as the coin has futures available on Coinbase—of which only 12-15 coins currently have,» the expert emphasized.

Balchunas expects that at least 100 exchange-traded funds focused on digital assets will emerge in the market over the next year.

Currently, the SEC is considering more than 90 applications from issuers of crypto-ETFs.

Notably, at the beginning of August, NovaDius Wealth President Nate Geraci stated that half of the 20 most successful exchange-traded funds in the U.S. are related to cryptocurrencies.