SEC giving novel ETFs a rethink as it opens comment period on overhauling U.S. rules
CoinDesk·
60-second summary
The SEC is opening a comment period to overhaul U.S. rules governing novel ETFs, potentially impacting crypto sector managers. This move could lead to changes in the regulatory framework, affecting the approval process for new ETFs. Market participants are closely watching the development, which may influence the growth of the crypto ETF market.
Managers of exchange-traded funds, including those in the crypto sector, may see some changes at the Securities and Exchange Commission as it weighs its approach.