SEC сокращает сроки утверждения для крипто-ETF до 70 дней, открывая двери для новых инвестиционных возможностей Translation: SEC Reduces Approval Time for Crypto ETFs to 70 Days, Opening Doors for New Investment Opportunities

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

«We have established sufficient grounds for the expedited approval of proposals—prior to the expiration of the usual 30-day period after the notice of amendments is published in the Federal Register,» the document states.

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

Another requirement is to track an asset that is part of another ETF with a share of at least 40% that is registered on a national securities exchange, as clarified by the SEC. Exchanges that do not meet these requirements will need to submit a separate application.

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

According to him, the latest decision by the regulator will expand investor choices and reduce barriers to access cryptocurrency-based instruments.

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

Bloomberg exchange analyst James Seyffart described the changes as «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 new SEC criteria for ETF listings on exchanges, including Litecoin, Dogecoin, Polkadot, Avalanche, and many others.

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

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

Currently, the SEC is reviewing over 90 applications from crypto-ETF issuers.

It is worth noting that in early August, President of NovaDius Wealth Nate Geraci stated that half of the 20 most successful exchange funds in the U.S. are associated with cryptocurrencies.