Changes to crypto exchange-traded funds (ETFs), including in-kind redemptions and allowing staking of Ethereum (ETH) products, are likely to occur “early” under the new U.S. Securities and Exchange Commission (SEC) administration. .
SEC Commissioner Hester Peirce said at a press conference. interview Coinage said these issues could come under regulatory review once Paul Atkins assumes the role of chairman. She added:
“I am open to rethinking both in-kind (redemption) and staking and how we can enable people to design products in a way that is most beneficial to investors in those products. is.”
Peirce, commonly known as “crypto mom” for her pro-crypto stance, said it is “easy” to approve such changes if a majority of committee members want things to “pass.” He also said.
Eric Balchunas, senior ETF analyst at Bloomberg, called Peirce’s brief remarks “wonderful,” highlight her interests To make listed crypto products more profitable for investors.
Balciunas said there may be discussions about these changes, but the most important thing is that the “SEC gods” are interested in them. As a result, regulators will develop a legal basis for improvements.
Furthermore, he reiterated his optimism about the new SEC administration, emphasizing that: recent predictions The scenario is likely to see a “wave” of crypto currency ETFs next year.
Accelerate development
Balchunas and Bloomberg ETF analyst James Seifert predicted that new crypto ETFs will be approved next year. However, development is happening at an accelerated pace.
The SEC recently approved a hybrid ETF filed by Hashdex and Franklin Templeton that tracks Bitcoin (BTC) and ETH simultaneously.
Although it happened sooner than analysts expected, the green light is in line with the predictions of analysts who expected these products to be the first to hit the market.
According to predictions, the next ETFs to follow will be Litecoin (LTC) and Hedera (HBAR). At the same time, Solana (SOL) and XRP funds may have to wait until their regulatory status is clarified.
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