The U.S. Securities and Exchange Commission (SEC) is considering adopting a unified rule to accelerate the approval process for cryptocurrency exchange-traded funds (ETFs), replacing the previous case-by-case system under 19(b)4 filings. This change could reduce typical approval times from around 240 days to approximately 75 days, potentially enabling quicker market access for ETFs tracking assets like Solana, XRP, and Dogecoin.
A 12-page disclosure guideline has been issued alongside the rule proposal, emphasizing transparent communication of crypto-specific risks to investors. This represents a shift in the SEC’s approach from enforcement-led actions to proactive, standardized regulations.
The move follows strong market demand demonstrated by the successful launch of the REX-Osprey Sol + Staking ETF by REX Financial and Osprey Funds, which attracted $12 million in inflows on its first day of trading. This ETF focuses on Solana and related staking opportunities.
This regulatory framework aims to foster quicker entry for a broader range of digital asset funds and reflects escalating interest in cryptocurrencies. It seeks to align crypto investment products more closely with standards in traditional financial markets.