US SEC Seeks Public Input on Expanding ETF Policies to Include Crypto
The U.S. Securities and Exchange Commission (SEC) has issued a 60-day request for comment on potential changes to its exchange-traded fund (ETF) policies, signaling a possible opening to novel ETFs involving crypto and other non-traditional assets. The request, announced by Chairman Paul Atkins, poses key questions about the automated system that allows certain ETFs to list without case-by-case exemptions. It explores whether providers focusing on non-securities assets (like crypto) can qualify as investment companies, and seeks input on disclosure requirements and effectiveness timelines. TD Cowen analyst Jaret Seiberg noted the initiative aims to build a record justifying future policy shifts, potentially permitting ETFs based on event contracts, crypto assets, and single-stock strategies. The SEC's move aligns with Atkins' priority to embrace new technologies, including cryptocurrency, and follows explosive ETF market growth from $4 trillion in 2019 to $12 trillion in 2025. The comment period is open for 60 days, and any changes could significantly broaden the range of assets accessible through ETFs.
Key facts
- SEC issues 60-day request for comment on ETF policy changes.
- Questions focus on automated listing process and non-traditional assets like crypto.
- Chairman Atkins emphasizes transparent and efficient regulatory framework.
- ETF market grew from $4 trillion (2019) to $12 trillion (2025).
- Potential expansion to event contracts, crypto assets, and single-stock strategies.