#SECETFApproval The Securities and Exchange Commission has issued its first comprehensive guidance on the crypto ETF approval process, potentially clearing a path for dozens of cryptocurrency exchange-traded funds that have been waiting months or years for regulatory approval. While the 12-page framework establishes clearer disclosure requirements, it stops short of guaranteeing approvals and maintains the SEC’s traditionally cautious stance on digital asset investment products.
On July 1, 2025, the SEC’s Division of Corporation Finance released a comprehensive 12-page statement outlining disclosure requirements for crypto asset exchange-traded products (ETPs). This guidance represents the first part of what industry insiders describe as a complete overhaul of the regulatory framework governing cryptocurrency investment products. According to the guidance, issuers must address custody arrangements, risk factors, and the operational challenges of cryptocurrency markets—though the guidance itself doesn’t guarantee any approvals will follow.