Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Support MFO
Donate through PayPal
New SEC Standard Clears the Way for More Crypto ETPs
A new SEC listing standard will allow quick approvals to list ETPs (Nasdaq, Cboe BZX & NYSE Arca) for commodities (including spot commodities) that have established futures trading. This may open a floodgate new crypto ETPs - only limited by the competitive marketplace.
In the early days of the internet there were many competing technical "standards". The saying was "standards are a good thing, because there are so many to choose from". That would seem to also apply to the SEC "standards".
Another humorous "standards" anecdote involves the previous standard for broadcasting analog color television in the U.S. The official broadcasting standard was the "National Transmission Standard for Color Television", or NTSCT.
In the engineering circles of TV broadcasting NTSCT was commonly referred to as "Never The Same Color Twice".
I'm sure most of these new products will fizzle quickly, but what do I know? Frankly if I wanted to own crypto, I would own the actual asset. (I own some actual BTC, not a BTC ETF.)
Crypto ETFs set to flood U.S. market as regulator streamlines approvals
".....The vote last week by the SEC to adopt new listing standards eliminates the need for individual regulatory review of each crypto ETF application, allowing products that meet predetermined standards to launch without a lengthy case-by-case approval process. That will slash the approval time for new crypto products to 75 days or less, from up to 270 days previously, industry sources said.....To benefit from the new, speedier process, an ETF must meet at least one of three principal criteria. If the coin underpinning the proposed ETF already trades on a regulated market or has futures contracts regulated by the U.S. Commodity Futures Trading Commission that have traded for at least six months, it qualifies.....Alternatively, the existence of another ETF tied to that coin that has at least 40 per cent of its assets invested in the cryptocurrency itself rather than options or swaps would open the door to approval....." https://www.bnnbloomberg.ca/business/economics/2025/09/24/crypto-etfs-set-to-flood-us-market-as-regulator-streamlines-approvals/
At the rate we're going it's just a matter of time until the DC bunch wind up with all of the money from the Monopoly board. What happens then? Maybe print more money and start over?
Comments
Another humorous "standards" anecdote involves the previous standard for broadcasting analog color television in the U.S. The official broadcasting standard was the "National Transmission Standard for Color Television", or NTSCT.
In the engineering circles of TV broadcasting NTSCT was commonly referred to as "Never The Same Color Twice".
I'm sure most of these new products will fizzle quickly, but what do I know? Frankly if I wanted to own crypto, I would own the actual asset. (I own some actual BTC, not a BTC ETF.)
".....The vote last week by the SEC to adopt new listing standards eliminates the need for individual regulatory review of each crypto ETF application, allowing products that meet predetermined standards to launch without a lengthy case-by-case approval process. That will slash the approval time for new crypto products to 75 days or less, from up to 270 days previously, industry sources said.....To benefit from the new, speedier process, an ETF must meet at least one of three principal criteria. If the coin underpinning the proposed ETF already trades on a regulated market or has futures contracts regulated by the U.S. Commodity Futures Trading Commission that have traded for at least six months, it qualifies.....Alternatively, the existence of another ETF tied to that coin that has at least 40 per cent of its assets invested in the cryptocurrency itself rather than options or swaps would open the door to approval....."
https://www.bnnbloomberg.ca/business/economics/2025/09/24/crypto-etfs-set-to-flood-us-market-as-regulator-streamlines-approvals/
Rule #2: Don't get in the way of rule #1.