SEC Drops Crypto ETP Rulebook – Wall Street’s Filing Nightmare Just Got Easier

The SEC just handed crypto issuers a golden ticket—streamlined ETP filings that could flood the market with new products. Finally, regulators acknowledge what traders knew all along: digital assets aren’t going anywhere.

No more guesswork for fund sponsors. The new guidance spells out exactly how to structure crypto exchange-traded products—from Bitcoin futures to altcoin baskets. Expect a stampede of filings by Q4.

Here’s the kicker: the rules still require ‘full and fair disclosure’ (translation: enough legalese to keep SEC lawyers employed). Because nothing says ‘financial innovation’ like 200 pages of risk factors.

Market makers are already salivating. ‘This cuts through the red tape that’s been choking crypto ETPs,’ says one investment banker—who’s probably drafting three prospectuses as we speak.

One cynical take? The SEC only moved after realizing how much fee revenue they were missing. Nothing motivates regulators like seeing dollar signs—even if they’re denominated in BTC.