According to ChainCatcher, citing The Block, as the number of cryptocurrency exchange-traded fund (ETF) applications surges, the U.S. Securities and Exchange Commission (SEC) is considering implementing a faster approval framework.
This change could open the floodgates for the approval of cryptocurrency ETFs, allowing more of these financial products to enter the market. The SEC is weighing this new framework in response to the growing demand for cryptocurrency ETFs in the market.