SEC approves generic listing standards for crypto ETFs: ‘The gates are open!’
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Key Takeaways What step did the SEC recently take regarding crypto ETFs? The SEC approved rule changes allowing NYSE Arca, Cboe BZX, and Nasdaq to adopt generic listing standards for spot crypto ETFs, streamlining the approval process. Why is this considered a major milestone? It ends over a decade of case-by-case reviews since the first Bitcoin ETF filing in 2013, opening the door for faster approvals. Despite repeated delays in ETF approvals, institutional interest shows no signs of slowing. SEC fast-tracks crypto ETFs Seeing this, on the 17th of September, the U.S. Securities and Exchange Commission (SEC) took a step forward by greenlighting proposed rule changes from three national securities exchanges. The move clears the way for these platforms to adopt generic listing standards for cryptocurrency and other spot commodity exchange-traded products (ETPs), raising hopes for a smoother approval process ahead. The SEC’s ruling under Rule 6c-11 marks a major shift in how spot crypto ETFs are reviewed. It granted exchanges such as NYSE Arca, Cboe BZX, and Nasdaq the ability to adopt generic listing standards for new digital asset products. This overhaul replaces the case-by-case approach that required separate filings from both exchanges and asset managers, a process that often dragged on for months. Under the new system, the maximum review period is reduced to 75 days, down from a previous limit of 240 days. What could be behind this shift in the SEC’s sentiment? Industry players, including VanEck, 21Shares, and Canary Capital, seem to have played a certain role in shaping this outcome by pressing the SEC to reinstate a “first-to-file” framework for applications. Additionally, credit also goes to the Trump administration for taking a more proactive stance on crypto ETFs compared to the slower, more cautious approach of the Biden era. Remarking on the same, Teddy Fusaro,…
Filed under: News - @ September 18, 2025 3:24 pm