SEC Acknowledges Several Crypto ETF Filings

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The US Securities and Exchange Commission (SEC) has recognized around half a dozen exchange filings related to cryptocurrency exchange-traded funds (ETFs) over the past two days, as indicated by regulatory submissions from February 19 and February 20.

These filings, from securities exchanges Nasdaq ISE and Cboe BZX, propose rule changes for crypto ETFs involving staking, options, in-kind redemptions, and new types of altcoin funds.

The SEC’s recognition of these filings suggests a more lenient approach towards crypto since US President Donald Trump began his second term on January 20. This shift in stance has already led to the launch of two crypto index ETFs in February, and analysts anticipate further ETF approvals by 2025.

Nasdaq’s submission concerns position and exercise limits on options linked to BlackRock’s iShares Bitcoin Trust (IBIT), which is the leading spot crypto ETF with nearly $57 billion in net assets, according to BlackRock’s iShares website. Meanwhile, Cboe has filed to list options on Grayscale’s and Bitwise’s Ether ETFs. While the SEC has approved options on Bitcoin ETFs, it has yet to do so for Ether ETFs.