United States: The Wait Is Over: SEC Approves Generic Listing Standards Benefitting Commodity-Based ETPs
By: Keri E. Riemer and Richard F. Kerr
Marking a monumental step forward for the launch of crypto asset exchange-traded products (ETPs), the Securities and Exchange Commission (SEC) approved rule changes by three exchanges to adopt generic listing standards for ETPs that hold spot commodities, including crypto assets. Provided that the ETPs satisfy certain conditions, they will be able to be listed and commence trading more quickly, as their exchanges will not need to submit proposed rule changes for each issuer.
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