SEC Considers Establishing Fast-Track Approval Framework for ETFs, Draft May Be Released This Month

Odaily Planet Daily reports that the U.S. Securities and Exchange Commission (SEC) is considering establishing a new framework to accelerate the approval process, with a draft expected to be released this month. This could pave the way for the approval of multiple spot crypto ETFs. Previously, crypto journalist Eleanor Terrett revealed that the framework may allow exchanges to directly list eligible crypto ETFs based on unified standards, eliminating the need to submit individual 19b-4 filings and wait for the 75-day review period. Bloomberg ETF analyst James Seyffart predicts that the new regulation could be officially implemented as early as September or October, potentially ushering in a wave of approvals for more crypto asset ETFs. (The Block)