Hi! You're following the crypto market, aren't you? So, the SEC is currently discussing a revolutionary simplification for launching cryptocurrency ETFs. In short, they want to remove one of the most tedious stages of approval — the submission of form 19b-4.
What's happening?
Now, to launch a crypto-ETF, you need to go through two difficult stages.:
Form S-1 — standard registration (wait ~75 days).
Form 19b-4 is a request to change the rules of the exchange (it is long and painful).
But the SEC offers a new scheme: if the token meets certain criteria (for example, high liquidity and capitalization), then 19b-4 can be skipped. That is, only S-1 → we are waiting → and the ETF is launched!
Why is this important?
Entering the market faster means less bureaucracy, and there are more chances that altcoin ETFs will appear.
More trust from institutions — if the SEC simplifies the process, it means cryptocurrencies are getting closer to the mainstream.
An opportunity for new ETFs — for example, for Solana, XRP or other alts (if they fit the criteria).
But there are nuances.
So far, this is just a discussion — the SEC has not yet made a final decision.
The criteria for selecting tokens are not clear — they will probably take into account liquidity, capitalization and trading volumes.
It is not certain that this will affect all crypto ETFs - perhaps only for blue chips.
What's next?
If the SEC really simplifies the process, we could see a new wave of crypto ETFs as early as 2025-2026. And this is an influx of institutional money and, possibly, market growth.
Do you think this will really work, or will the SEC complicate things again?