Record: The SEC eliminated the need for exchanges to submit Form 19b-4 for listing a single token ETF when it approved the general listing standards two weeks ago, simplifying and accelerating the process. This means that as long as the token meets existing standards, the SEC can approve crypto ETFs at any time with just the submission of an S-1 filing.
More context for those asking whether withdrawal is a bad thing: the short answer is no. The long answer: when the @SECGov approved the generic listing standards two weeks ago, it eliminated the need for exchanges to file 19b-4 forms to list individual token ETFs, simplifying and speeding up the process. This move signals that the new process is working as intended.
As long as the tokens meet the existing criteria, the SEC can approve a crypto ETF at any time with just an S-1 filing. So even though deadlines are looming for these individual ETFs, the @SECGov could technically make a decision on any or all of these at any time.
13.09K
24
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.