The US Securities and Exchange Commission (SEC) on Wednesday approved new universal listing rules for crypto ETFs on an expedited basis.
The decision provides a clear regulatory path for exchanges such as Nasdaq, NYSE Arca, and Cboe BZX to list these products.
SEC Chairman Paul Atkins said the move aims to "maximize investor choice and foster innovation" by streamlining the process for listing digital asset funds on regulated US markets.
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The SEC's approval of the new generic listing rules is a fundamental change, as it dramatically speeds up the process for dozens of pending crypto ETFs. This change reduces the mandatory review period from up to 240 days to just 75 days for products that meet the new criteria.
It also eliminates the need to file the lengthy Form 19b-4 for each individual fund.