Story perspectives

SEC Opens 60-Day Comment Period on Crypto ETFs

7/1/2026

Summary

SEC Opens Comment Period

The SEC opened a 60-day comment period and will accept submissions from investors, issuers and groups after the Federal Register notice.
The review targets crypto ETFs that use staking, stablecoin reserves and options, as ETF assets rose from $4 trillion in 2019 to over $12 trillion by 2025.
SEC Chair Paul Atkins said the agency will consider feedback before deciding to adjust registration procedures to maintain transparency, protect investors and foster innovation.

Summary

SEC Considers Extension

The SEC is considering extending the 75-day review and 60-day effectiveness periods for novel ETFs because market now exceeds $16 trillion and 4,600 products, making Rule 6c-11 outdated.
If the agency proceeds to formal rulemaking, any new rules would not become effective before 2027.
Roundhill Investments, GraniteShares and Bitwise have filed event-contract ETFs, with Morningstar data showing 98% of tracked ETF filings in the SEC’s “novel” categories, reflecting a surge in designs.

History

Historical Context

State Street Global Advisors launched the SPDR S&P 500 ETF in January 1993—its first U.S. ETF with 150,000 units—sparking rapid growth that produced over 7,600 funds worldwide by 2020 and dominated U.S. markets. The SEC’s 60-day comment period on staking ETFs echoes that early framework while SPY’s assets topped $500 billion in February 2024.

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SEC Opens Comment Period

The SEC opened a 60-day comment period and will accept submissions from investors, issuers and groups after the Federal Register notice.
The review targets crypto ETFs that use staking, stablecoin reserves and options, as ETF assets rose from $4 trillion in 2019 to over $12 trillion by 2025.
SEC Chair Paul Atkins said the agency will consider feedback before deciding to adjust registration procedures to maintain transparency, protect investors and foster innovation.

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