Bloomberg Analysts Says ETF Odds100% After SEC Order

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Analysts at Bloomberg say the probability of approval of a Crypto ETF has risen to 100% after the Securities and Exchange Commission (SEC) asked issuers to withdraw the filing period for the 19B-4, and asked them to approve advances in ETFs, including XRP, ADA and DOGE.

The withdrawal will follow the SEC’s approval of the general listing standard on September 18th, and will no longer require filing of the 19B-4.

Exchanges including NASDAQ, CBOE BZX and NYSE ARCA can now list ETFs that meet predefined criteria, allowing publishers to move directly to their final pre-release step, S-1 registration.

“To be honest, the odds are really 100%,” said Eric Balknath, an analyst at Bloomberg ETF. “The general list standard makes the 19B-4 and its ‘clock’ meaningless. This makes the S-1 wait for a formal green light from Corp Finance. And they submitted Solana’s amendment #4. The baby can come anytime. ”

92 cryptographic ETFs in the queue

According to James Seyffart, Bloomberg Intelligence ETF Analyst, there are currently around 92 ETF applications awaiting approval from the SEC.

They range from meme coins like stubborn penguin (pengui) to larger ciphers such as Litecoin (LTC), Polkadot (DOT), and ChainLink (Link).

Some pending cryptographic ETF applicationsSome pending cryptographic ETF applications

Some of the Crypto ETF filings pending approval (source: x))

The SEC is asking ETF issuers to withdraw applications for various cryptographic products a few days before the agency is required to make decisions regarding multiple ETF filing of digital assets.

SEC and CFTC work together to advance US crypto regulations

The SEC’s push to streamline the Crypto ETF approval process is part of the agency’s “Project Cryptography” initiative announced earlier this year by Chairman Paul Atkins.

Based on recommendations from President Donald Trump’s crypto working group, the SEC is working to ease the licensing requirements for businesses operating in the crypto space.

The agency is also working with the US Commodity Futures Trading Commission (CFTC) to promote crypto regulations that provide protection to investors but do not block innovation in the digital asset sector.

Earlier this year, the CFTC also announced the launch of its “Crypto Sprint” initiative. It also attempts to address recommendations received from the White House Digital Asset Working Group.

For years, the SEC and CFTC have been clashing over how to regulate crypto, particularly in debate about whether some digital assets are securities or commodities. However, the two agencies are currently working together.

At yesterday’s roundtable, CFTC acting chairman Caroline Pham said the “turf war” between the SEC and the CFTC is “end.”

“We both oversee related parts of the financial market, so there is no doubt that the regulatory lanes of the two agencies are not always clear or intuitive,” Pham says.

“Sometimes, this led to unnecessary friction between the two agencies and avoidable headaches for market participants who rely on us,” she added.

That happens when rumors began to spread that the CFTC and SEC could be integrated into one institution. However, SEC Chairman Paul Atkins once again refuted these rumors.

“Let me be clear. Our focus is on harmony rather than the merger of the SEC and CFTC, which is up to Congress and the President,” Atkins said in the same roundtable.

“The fantastical tale of reorganizing government risks diverting us from the monumental opportunity that is right in front of us,” he added.

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