#SECETF审批 The U.S. Securities and Exchange Commission (SEC) is increasingly strict on the approval process for ETFs, especially those involving cryptocurrency assets or highly volatile financial products. The SEC evaluates key factors such as product transparency, liquidity, and investor protection mechanisms. Recently, the market has paid special attention to the approval of Bitcoin spot ETFs, reflecting a strong demand from investors for compliant digital asset investment channels. SEC approval not only means that the product is legal and compliant but also serves as a barometer for market sentiment. For fund companies, understanding the SEC approval process and compliance requirements is a crucial step for successful product launch.