TechFlow news, September 18 — According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) has approved a generic listing standard for Commodity-Based Trust Shares, significantly accelerating the approval process for spot cryptocurrency ETFs. Previously, each application required individual evaluation; now, the process can be streamlined under Rule 6c-11, drastically shortening approval timelines that previously took months.
SEC Chairman Paul Atkins stated that this move will ensure U.S. capital markets maintain global leadership in digital asset innovation, maximizing investor choice and fostering innovation by simplifying the listing process and lowering entry barriers.
Bloomberg ETF analyst James Seyffart called this the long-awaited framework for cryptocurrency ETPs, expecting a wave of cryptocurrency investment products to launch in the United States in the coming weeks and months.
