TechFlow news, July 1 — According to former Fox Business journalist Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) is in early stages of coordinating with exchanges to establish universal listing standards for token-based ETFs. Terrett revealed that if a token meets these criteria, issuers might bypass the 19b-4 process and directly file an S-1 application, allowing the ETF to be listed by the exchange after a 75-day waiting period. This streamlined process could save significant paperwork and communication costs for both issuers and the SEC.
The specific details of these listing standards remain unclear, but market speculation suggests factors such as market capitalization, trading volume, and liquidity may be considered. An SEC spokesperson declined to comment.
