SEC Seeks Input on New Crypto ETF Filings, Including Bitcoin and Ether Options and Staking Considerations
The post SEC Seeks Input on New Crypto ETF Filings, Including Bitcoin and Ether Options and Staking Considerations appeared on BitcoinEthereumNews.com.
The US Securities and Exchange Commission (SEC) is witnessing a shift in its approach towards cryptocurrency ETFs, receiving multiple filings recently that signal growing interest in crypto investments. This marked change in the SEC’s stance mirrors a broader acceptance of digital assets, as evidenced by the recent launches of index ETFs and ongoing discussions around altcoin ETFs. “The SEC is reportedly ‘very, very interested’ in staking,” shared Eleanor Terrett from Fox Business, highlighting the regulator’s proactive engagement in the crypto space. The SEC’s recent acknowledgment of several crypto ETF filings signifies a potential shift in regulatory sentiment, paving the way for broader market acceptance of digital assets. Flurry of Regulatory Activity Surrounds Cryptocurrency ETFs The recent wave of filings with the SEC, particularly from major exchanges like Cboe and Nasdaq, indicates a notable change in the regulatory landscape for crypto. Among these, Nasdaq’s proposed changes vary from position limits on options tied to the iShares Bitcoin Trust (IBIT) to innovative proposals surrounding in-kind redemptions that could enhance tax efficiency for investors. With $57 billion in net assets, IBIT remains a significant player in the crypto ETF market. Key Proposals and Their Implications for the Market Cboe’s filings also add to the momentum, with plans to introduce options on Grayscale’s and Bitwise’s Ether ETFs. While Bitcoin options have already received SEC approval, the agency has yet to greenlight Ether ETF options, suggesting an evolving landscape where altcoins are increasingly seen as investment vehicles. As reported, in-kind creations and redemptions are favored for their tax efficiencies but have not yet been sanctioned for spot cryptocurrency ETFs. Prospective ETF Approvals and Market Predictions Bloomberg Intelligence’s forecasts suggest a promising outlook for various altcoin ETFs. The anticipated approval odds for an XRP ETF are pegged at 65%, while Litecoin (LTC) and Solana (SOL) ETF…
Filed under: News - @ February 21, 2025 12:23 am