Crypto ETF Delays About to Become a Joke — What Could Possibly Go Wrong?

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In a world where patience is often mistaken for virtue, the relentless hunt for a quicker path to launching crypto ETFs might finally be over. Imagine, if you will, a change so bold, so audacious, that it threatens to wipe out the tedious months-long waits that have turned investors’ hair prematurely grey and fund managers into caffeine-fueled zombies.

It appears the exchange has pushed for a 19b-4 request—yes, that cryptic number— proposing a nifty little framework that would let ETFs tied to commodities like Bitcoin or Solana launch without begging for each and every review. The dream? A smooth, uniform process, provided the funds meet some basic criteria—like asset type, liquidity, and how easily investors can get their money out before the market closes—because who doesn’t love a little liquidity chaos?

The ever-wise Bloomberg’s James Seyffart suggests this move could shake up the ETF universe, throwing crypto funds into the same realm as those stodgy old traditional commodity trusts—because apparently, they haven’t had enough fun yet. And if CBOE, already dabbling in crypto ETF playgrounds, gets the green light, they might just leave the Nasdaq and NYSE choking on their dust while they race ahead—kind of like a cheetah on a sugar rush.

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The SEC, in its typical fashion, has up to 240 days (because who needs quick decisions?) to decide whether to give the green light. But recent whispers suggest they’re also mulling an internal overhaul, promising a lightning-fast approval process of just 75 days—who knew paperwork could be so exciting?

Under this brave new proposal, assets need to be traded on a designated market for at least six months—because nobody likes a rookie— and there are even rules to keep staking and liquidity under control. Less than 85% of assets available for redemption? Well, then, you’re probably not getting out of this pool easily—sorry to burst your bubble.

Greg Xethalis from Duke Law wryly notes that if all goes well, Solana ETFs—expected as early as October—could finally join the party under the new rules. And XRP funds? They might just make a splash in Q4, with in-kind redemptions, because apparently, the SEC has finally learned to play nice with Bitcoin and Ethereum ETFs.

Legal eagle Bill Morgan hints that this evolving mess could fast-track approvals for other altcoin ETFs, which frankly, sounds like the SEC’s way of saying, “Let’s see how much chaos we can handle before the system implodes.” It’s just the latest chapter in the SEC’s ongoing love affair with tokenized nonsense—good luck, world.

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2025-07-31 00:44