SEC receives competing industry proposals on crypto ETF regulation ahead of Aug. 31 comment deadline; divergent positions may delay approval timelines for new structures.
Regulation & Gov ·
The SEC's Aug. 31 comment deadline on novel ETFs drew competing proposals from crypto industry groups including a16z, Grayscale, and the Crypto Council for Innovation, with firms disagreeing on regulatory approaches for new exchange-traded products. CCI urged the SEC to extend ETF regulatory efficiencies to non-ETF products, while a16z argued the agency should assess products based on individual assets and risks rather than treating all novel ETFs uniformly. Commenters diverged on confidential filings, portfolio restrictions for digital assets, and investor safeguards, with traditional finance participants like Charles Schwab opposing confidential processes that crypto firms supported. The split positions may extend the SEC's rulemaking timeline and delay approvals for crypto ETF structures beyond existing spot bitcoin and ethereum products.