SEC Unveils New Crypto ETF Guidance to Streamline Issuer Disclosures

SEC Unveils New Crypto ETF Guidance to Streamline Issuer Disclosures

In Summary

  • SEC issues clear guidance for crypto ETF issuer disclosures
  • Covers asset valuation, custody, conflicts, and redemption mechanics
  • Introduces possible faster listing process via generic framework
  • Aims to expand regulated multi-asset crypto ETFs market


Catenaa, Thursday, July 03, 2025- The US Securities and Exchange Commission released updated guidance for crypto exchange-traded products (ETPs), aiming to clarify disclosure requirements for issuers and accelerate market access.

The new framework, announced July 1 by the SEC’s Division of Corporation Finance, targets token-based funds registered under the Securities Act of 1933 and the Exchange Act of 1934.

The guidance specifies that issuers must provide detailed information on net asset value calculations, custody arrangements, conflicts of interest, and the selection and valuation of underlying assets.

It also demands clarity on creation and redemption processes, especially during volatile or illiquid markets. The SEC emphasized that disclosures should be tailored to each product’s unique structure.

This move follows the SEC’s recent approval of Grayscale’s Digital Large Cap Fund conversion to a spot ETF, marking a key milestone for multi-asset crypto funds.

The new rules could pave the way for faster approval and listing of token-based ETFs through a proposed generic listing framework, potentially shortening the review period to 75 days and reducing regulatory barriers.

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