#SECETF审批 The approval process of ETFs by the U.S. Securities and Exchange Commission (SEC) is becoming increasingly stringent, especially for ETFs involving crypto assets or highly volatile financial products. The SEC evaluates key factors such as the product's transparency, liquidity, and investor protection mechanisms. Recently, the market has been particularly focused on the approval of Bitcoin spot ETFs, reflecting a strong demand from investors for compliant digital asset investment channels. SEC approval not only signifies that a 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 the successful launch of a product.