SEC opens ETF rule review following crypto fund surge, prediction markets push
The Block·
60-second summary
The SEC is currently reviewing the rules for a proposed new class of ETFs tied to prediction markets, which have seen significant growth. This review aims to determine the regulatory framework for these emerging products, with over $1 billion in assets under management. The outcome will impact the development of this rapidly expanding market segment.
The SEC is taking a fresh look at how a proposed fast-growing new class of ETFs tied to prediction markets should be regulated.