Crypto investment and advocacy groups ask the U.S. Securities and Exchange Commission to develop tailored regulatory rules for new, “novel” crypto exchange-traded funds rather than applying blanket restrictions. The groups argue that existing approaches for classifying crypto investment products should be preserved and expanded to accommodate new ETF structures.
In filings and public comments, the organizations—including The Crypto Council for Innovation (CCI), Grayscale, and a16z—say the SEC should not treat all novel ETFs as a single category for regulatory purposes. They also call for clearer and faster review pathways, while proposing different methods to achieve more predictable decision-making. The companies’ shared goal is to reduce uncertainty for issuers seeking approval of new ETF products, with reviewers using consistent classification frameworks.
Across outlets, the reporting emphasizes a common theme: the SEC should differentiate among product types and rely on established classification rules, while improving efficiency in the application and review process for future crypto ETFs.
