SEC Considers Streamlining Token-Based ETF Listing Process

The U.S. Securities and Exchange Commission (SEC) is reportedly exploring a simplified pathway for listing token-based ETFs. According to Eleanor Terrett of CryptoInAmerica, the SEC is collaborating with exchanges to develop general listing standards for these ETFs. Currently, issuers must navigate the cumbersome 19b-4 (exchange rule change filing) process. The proposed approach would allow issuers of ETFs holding tokens meeting pre-defined listing standards to bypass this step. Instead, they would only need to file an S-1 (securities registration statement) and await a 75-day review period before listing. This potential change is expected to significantly reduce the regulatory burden for both issuers and the SEC. While specific listing standards are still under consideration, factors like market capitalization, trading volume, and liquidity are likely to be key determinants. This development suggests a potentially more welcoming regulatory environment for cryptocurrency-related investment products. The SEC has declined to comment on the matter. ```