Ведущие биржи США предложили упростить листинг криптовалютных ETF

cryptonews.ru2025-07-31 tarihinde yayınlandı2025-07-31 tarihinde güncellendi

Крупнейшие американские биржевые площадки Cboe BZX и NYSE Arca направили в SEC предложения об изменении правил листинга, которые могут значительно ускорить процесс одобрения криптовалютных биржевых фондов.

Суть предложений

Биржи предлагают:

  • Разрешить автоматический листинг определённых категорий крипто-ETF без индивидуального рассмотрения каждого случая

  • Распространить на криптоактивы (включая биткоин и Ethereum) существующие правила для традиционных товарных трастовых акций

  • Сократить бюрократические процедуры при условии соответствия заранее установленным критериям

В случае одобрения это открывает путь для более быстрого выхода ETF на Solana, XRP и другие цифровые активы.

Текущая ситуация

Сейчас традиционные ETF по акциям и облигациям могут получать листинг по упрощённой схеме, тогда как криптовалютные продукты требуют полного процесса рассмотрения по правилу 19b-4 с подачей отдельных заявок.

Экспертное мнение

Эндрю Россоу (AR Media Consulting) выделяет два ключевых аспекта:

  1. Эмитенты ETF усиливают взаимодействие с регулируемыми брокерами для упрощения операций

  2. Требуется разработка более строгих процедур защиты инвесторов

Однако эксперт предупреждает о рисках «регуляторного фаворитизма» — фокусировки только на биткоине и Ethereum может ограничить доступ на рынок для других перспективных активов.

Процедурные вопросы

SEC имеет до 240 дней на рассмотрение предложения. Исторически подобные заявки требовали полного срока анализа. Решение может создать важный прецедент для развития всего сегмента криптовалютных инвестиционных продуктов.

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