The following is a guest post and opinion from Jeremy Boynton, Co-Founder of Pure Crypto.
As Washington’s shutdown drags on, now is a good moment to step back and assess a SEC decision that could shape innovation, advisors and everyday investors for years to come.
In a quiet but monumental shift, the Commission recently approved generic listing standards for crypto exchange-traded products (ETPs). That means exchanges can list qualifying crypto ETPs without submitting a separate rule filing for each product — a structural change that ends years of case-by-case limbo.
The impact of this development cannot be overstated, and should be on the short list of industry breakthroughs — along with moments like CME’s Bitcoin futures debut in 2017, Coinbase’s Wall Street listing in 2021, the Ethereum Merge in 2022 and the approval of spot Bitcoin ETFs in 2024.
Here are four reasons why this is a watershed moment for crypto.
1. Shorter Timelines Make New ETPs More Viable
Previously, each ETP required a drawn-out SEC review, which could take up to 240 days. Under the new rules, new products that meet preset criteria can launch in as little as 75 days. In regulatory terms, that’s lightspeed.
This shrinks uncertainty and carrying costs for issuers, which is critical because launching an ETF ties up real money and resources. Seed capital, legal/registration fees, listing and ongoing marketing expenses are all costs that add up while a filing sits in limbo. Shortening the clock makes more strategies economically viable and the pipeline is filling. A flurry of spot-coin ETFs are expected under th
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Author: Jeremy Boynton
