Big news is shaking up the crypto world. Two big U.S. stock exchanges, Cboe and NYSE Arca, want to make life easier for people trying to launch crypto ETFs. According to Cointelegraph, they’ve asked the SEC to speed things up and treat crypto ETFs the same way they treat regular ones—so new crypto funds don’t have to wait forever to get approved. This could mean more crypto investment options coming to the market faster.
What’s the Big Idea?
Right now, the SEC takes a long time to approve crypto ETFs because they’re worried about things like fraud and price tricks. That means crypto ETFs don’t get the same easy, fast approval as regular ETFs like those based on stocks or bonds. Because of this, many crypto ETFs stay stuck in review or get rejected.
Cboe and NYSE Arca think this isn’t fair or helpful. They say crypto ETFs should follow the same rules as other ETFs. Using these existing rules could make the approval process simpler and quicker. This change would let companies launch new crypto ETFs more easily.
Why Do Crypto ETFs Matter?
If you’re just getting into investing, an ETF is a simple way to get started. It’s like buying a ready-made bundle of stuff instead of picking things one by one. A Bitcoin ETF, for example, lets you invest in Bitcoin without needing to actually buy or look after the coins yourself. It makes investing easier and less scary for many people.
The problem is, the U.S. has very few crypto ETFs available. This limits choices for investors who want to dip their toes into crypto but don’t want to deal with wallets, keys, or exchanges.
If the SEC agrees to the new rules, more crypto ETFs could show up soon. That would give investors better access to crypto in a way that feels safer and more familiar.
Jessica Lee, a financial expert, said, “This could help clear the way for crypto ETFs and bring more confidence to the market.”
What Are People Saying?
The crypto community has wanted clearer rules for a while. This proposal shows that big players and regulators are starting to work together.
If approved, this could lead to more creativity in crypto investing and attract more money. But some experts warn that concerns about crypto’s ups and downs and possible scams still need to be addressed carefully.
Still, many are hopeful this will allow not just Bitcoin and Ethereum ETFs but also funds for other digital coins.
What Happens Next?
The SEC will review the proposal and ask for feedback from the public and experts. This process could take months.
Even so, this idea signals progress. It’s a sign that the SEC might finally be open to changing its old rules to keep up with how quickly the crypto world is growing.
Crypto fans and investors are keeping a close eye on what happens next, hoping this could lead to more safe and official ways to invest in crypto in the U.S.
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