The US Securities and Exchange Commission (SEC) has recently given a historic push. On Wednesday night, the regulator approved new listing rules that allow crypto ETFs to be listed much more quickly on major US stock exchanges.
Un processus simplifié, une barrière en moins
Until now, each exchange had to file a Form 19b-4 to request permission to list a crypto ETF, an administrative process that could last up to 240 days. Now, if the product meets the new generic standards, it can be listed in just 75 days, bypassing this cumbersome process.
In other words: months saved, and a much smoother opening for actors who are already waiting for the green light. Dozens of funds indexed on Bitcoin, Ethereum, but also Solana, XRP, or even Dogecoin should be able to enter the US market much earlier than expected.
Le feu vert de la SEC, un symbole
The institution’s press release leaves no doubts: ‘The Commission finds good reasons to approve the proposals ahead of the usual deadline,’ the agency stated. This decision, taken in advance, shows a clear intent to remove the barriers that were still hindering the adoption of crypto ETFs in the US.
Paul Atkins, SEC Chairman, emphasized the stated goal:
Maximize investors’ choices and encourage innovation by reducing barriers to digital products in US capital markets.
Grayscale en première ligne avec le Digital Large Cap Fund
Following this announcement, the SEC also approved the listing of the Grayscale Digital Large Cap Fund. This product, already traded over-the-counter for accredited investors, can now join traditional exchanges.
Its composition reflects the current trend: around 80% in Bitcoin, 11% in Ethereum, and smaller positions in Solana, Cardano, and XRP. A diversified basket that should appeal to a wider audience than just institutional investors.
Une décision qui change tout
For the market, the impact is clear. The drastic reduction in timelines, combined with the possibility of launching crypto ETFs directly without individual review, represents a revolution. As Matt Hougan, Chief Investment Officer at Bitwise, summarized it: these standards ‘could literally open wide the doors of the market.’
Behind this statement, a reality: America is about to welcome a wave of crypto ETFs that could eventually become the preferred investment vehicles for millions of savers. A strategic turning point, at a time when Europe and Asia are already moving quickly on regulation and product offerings.
The SEC, often accused of hindering the industry, chooses this time to move faster than expected. A decision with the potential to reshape the power dynamics between Wall Street and crypto.
