Hashdex assets manager expanded its fund criticized for the exchange (ETF) of the Crypto Us index to include XRP (XRP), Sun (Sun) and Stellar (XLM) after the change of generic listing rule of the Bag and Values Commission (SEC).
The ETF that is quoted in Nasdaq values now includes five cryptocurrencies maintained 1: 1 by the bottom, including Bitcoin (BTC) and Ether (ETH), and is quoted under the Ticker NCIQ symbol, according to Thursday’s announcement.
The SEC approved the generic listing standards for ETF in September, paving the way for a faster ETF approval process for eligible cryptocurrencies.
To qualify for the eligibility of generic list, a cryptocurrency must be classified as product futures or characteristics contracts that appear in good reputation exchanges. In addition, eligible crypts must be subject to financial surveillance under the United States intermary surveillance group.
Market analysts and industry executives anticipate a torrent of new presentations of Criptographic ETF due to new standards, which will provide stock market participants access to cryptographic markets and blur the line between traditional financial instruments and digital assets.
Related: SEC listing rules to boost cryptographic ETFs, but there is no entry guarantee: bit a bit a
The US Sec
The SEC approved the Fund of Cap Grand Scale Grayscale, the first ETF Crypto ETF of Asseced Osset Us, on September 17. The background of the gray scale includes BTC, ETH, XRP, Sol and Cardano (ADA).
The president of the SEC, Paul Atkins, is leading efforts to optimize the ETF approval process for cryptocurrencies as part of a broader initiative to modernize the financial system for digital finances.
Atkins recently proposed an “exemption of innovation” for cryptographic companies, a regulatory sand box that would allow cryptographic projects to experiment with new technologies without fear of regulatory retaliation of government agencies.
The SEC, at the request of the administration of US President Donald Trump, has issued a series of policy statements and proposals in 2025 designed to reduce the regulatory burden of cryptographic companies, a marked deviation from the SEC under the leadership of former President Gary Gensler.
These policies include finishing the regulation by application or presentation of demands against projects without proper notification, developing comprehensive market structure rules for digital assets and classifying most cryptocurrencies as basic products.
Magazine: The change of direction of the SEC in Crypto leaves key questions without response
