#SECETFApproval
On July 7, 2025, the SEC released a 12-page guidance document for crypto ETF issuers.
It mandates clear, plain-English disclosures about custody, risks, and operational details.
Importantly, the SEC is also working on a universal listing rule to replace the cumbersome Form 19b-4 process—potentially reducing approval times from over 200 days to ~75 days