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SEC Turbocharges Crypto ETP Approvals

From thedailyupside.com

The ETF universe may be expanding faster than the actual universe. Last week, the US Securities and Exchange Commission approved generic listing standards for several exchanges that cover spot-price commodity and digital asset exchange-traded products. That’s a pass for exchanges (Nasdaq, Cboe BZX and NYSE Arca) to list crypto ETFs without having to get a rule change every time from the SEC. And it echoes the regulator’s 2019 ETF rule, which allowed issuers to launch products without first getting exemptions. More is better … right? “This is a big deal, as it puts crypto ETF applications on the same level playing ... (full story)

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  • Category: Fundamental Analysis