The SEC is revamping its approach towards reviewing and approving crypto ETFs by standardizing the process for future listings.
A 12-page document has been published outlining disclosure expectations and operational clarity for crypto asset funds, signaling an acceptance of digital assets in traditional finance.
Talks of reducing ETF approval timelines from 240 days to 75 days by eliminating the current exemption process are already in progress.
With over 50 ETF applications with the SEC, including those related to altcoins like XRP and Dogecoin, the anticipation is high for further expansion in the crypto sector.