“The MOVE OPENS FOR WAY for Exchanges to List Spot Digital Asset-Backed Funds with the Case-by-Case Approval of the Regulator.”, – WRITE: www.coindesk.com
The Decision Will Enable Exchanges to Profened With The List of Proporated Etfs by Sidesteping the Onthen-Leggthy 19 (b) Rule Filing Process that Can Take Up to 240 Days and Require. ETF.
Essentally, The Process Will Be More StreamLined Than Before.
ETF Issuers Will Approach Exchanges (Nasdaq, NYSE, CBOE) with A Product Idea and Desire to List Their etf. If the Proceded Strategy (Token or Combination of Tokens) of the Issuers Meets of the Generic Listing Standard, the Exchange Can ProCed with Listing The Etf.
SEC Chairman Paul Atkins Said the Decision Was Aimed at Reducing Barriers to Accessing Digital Asset Products in Regulated US Marketplaces.
“By Approving these Generic Listing Standards, We Are Enseming that Our Capital Markets Remain the Best Place in the World to Engage in the Cutting-Edge Innovation of Digital Assets
ALONGSIDE The RULE CHANGE, THE AGENCY SIGNED OFF ON THE GRAYSCALE DIGITAL LARGE CAP FUND, WHICH TRACKS The assets in the Coindesk 5 Index and Currently Consists of Bitcoin BTC$ 116.814.67Ether (ETH), XRP Xrp$ 3.0989Solana SOL$ 247.38 and Cardano Ada$ 0.9180.
Read More: Sec’s Pause of Grayscale Fund Is Likely Tempoury
The Regulator Also Approved The Launch of Options Tied to the CBOE BITCOIN US ETF INDEX AND ITS MINI Version, Broadening The Set of Crypto-Linked Derivatames Avail.
Big Move for Altcoin etfsThe Sec’s Listing Standards Potentilly Open the Way for a Wave of Spot-Basted Altcoin etfs that have been waiting for regulators’ nod to enter the market.
“This is the Crypto etp Framework We’ve Been Waiting for,” James Seyffart, Etf Research Analyst at Bloomberg Intelligence, Said in an X Post. “Get Ready for a Wave of Spot Crypto etp Launches in Coming Weeks and MONHS.”
Echoing this Sentiment, Kristin Smith, The President of Solana Polanya Policy Institute, Said, “We Are Incredibly Encouraged By Tonight’s: The Sec The Sec The Rule of the Ruleot of the Ruleot of the Rule of Rule. For US Businesses and To Take Positive Steps to Allow America Investors to Safly Access Digital Assets. ”
“TheSe New Generic Listing Standards Are A Net-Positive for US Investors, Markets, and Digital Asset Innovation. Excited for the Next Wave of Crypto Adoption!,” She Adeded.
Update (Sept. 8, 12:05 UTC): CorRECTS 270 Days to 240 Days and Clarifies the Process of Approval.
Senator Elizabeth Warren and Other Say’re Probing WHETHER SACKS HAS IMPROPERLY OUTSTAYED HIS “SPECIAL GOVERNMENT EMPLYEE” STATUS.
- David Sacks, The US Crypto Czar, Has Been Leading President Donald Trump’s Digital Assets Agenda, But Democrats in Congress Areaing That IF He’s Specta Employee “Status.
- Sges Like Sacks (and Elon Musk, Earlier This Year) Are Meant to Be Tempoury, and Senator Elizabeth Warren and Other Prominent Democrats Are Underlining
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