SEC Makes Spot Crypto ETF Listing Process Easier, Approves Grayscale's Large-Cap Crypto Fund

The U.S. Securities and Exchange Commission (SEC) on Wednesday approved a set of rules for exchanges to list exchange-traded products (ETPs) holding spot commodities, including cryptocurrencies, without requiring the agency’s individual review each time. With the decision, exchanges that meet the generic listing standards can bring commodity-based trust shares to the market directly, sidestepping the often-lengthy 19 (b) rule filing process. SEC hairman Paul Atkins said the decision was aimed at reducing barriers to accessing digital asset products in regulated U.S. marketplaces. "By approving these generic listing standards, we are...