SEC Eases Guidelines, Potentially Streamlining Cryptocurrency ETF Approvals

The U.S. Securities and Exchange Commission (SEC) has introduced new guidelines that could expedite the approval process for cryptocurrency exchange-traded funds (ETFs). Bloomberg’s Eric Balchunas, a senior ETF analyst, suggests these changes may help reduce the backlog of pending projects more efficiently. He believes this could lead to faster progress on cryptocurrency ETFs, particularly those still in the lengthy 8a review process, such as Bitwise’s XRP ETF, which is anticipated to be next for approval.