Cboe & NYSE Arca Dey Propose Fast-Track Crypto ETF Rules
Cboe and NYSE Arca don put forward plans to change SEC rules to quicken crypto ETF approval dem by cut SEC’s 19b-4 review time from 240 days go down to about 75 days. The plan na to update Cboe Rule 14.11(e)(4) and NYSE Arca Rule 8.201-E to replace di usual case-by-case approval with clear rules about asset type, liquidity and market moni yer, make crypto ETFs dey like traditional commodity funds. This one come after SEC approve in-kind redeeming for spot Bitcoin and Ethereum ETFs plus new law waka from the GENIUS and CLARITY Acts and White House framework. Analysts talk say with this, crypto ETF go list faster, unlock institutional money, and give investors more choices including altcoins like Solana (SOL), Avalanche (AVAX) and XRP. But critics warn say the new streamlined rules fit make big tokens benefit, small projects go suffer side. SEC pause on Bitwise 10 Crypto Index ETF and Grayscale conversions show say dem still dey careful. If the changes happen, e go quicken new fund launch, boost institutional investments and sign big step for digital asset normal use.
Bullish
Dis proposal wey wan fast-track crypto ETF approvals fit be good sign for di cryptocurrency market. For short term, make review time short and make crypto ETFs dey go hand in hand wit traditional products fit bring better feeling, e go make people buy more BTC and ETH for speculation and money go enter dem. For long term, clear listing rules plus regulation wey dey based on laws and White House guidelines go draw big money from institutions, support di launch of altcoin-based ETFs (like SOL, AVAX, XRP) and help market grow steady plus make em popular for normal people.