The U.S. Securities and Exchange Commission (SEC) is reportedly considering a streamlined process for approving cryptocurrency exchange-traded funds (ETFs). This new approach would eliminate the need for a Form 19b-4 filing, which currently requires exchanges to seek SEC approval for rule changes to list an ETF. Instead, issuers would only need to file an S-1 registration and wait 75 days for approval, provided the token meets predefined listing standards.
This potential shift aims to reduce delays and bring more predictability to the ETF approval process. The SEC has over 70 pending altcoin ETF applications, and this change could expedite approvals for those that meet the criteria. Notably, the SEC recently approved a Solana spot ETF with staking features, signaling a more open stance toward innovative crypto ETFs.
If implemented, the new framework could lower entry barriers for asset managers and encourage more competition in the crypto ETF market. The move aligns with growing institutional and retail demand for regulated crypto investment products.