Odaily Planet Daily report: Cryptocurrency companies, asset management firms, market makers, and consumer advocacy groups have submitted comments to the U.S. Securities and Exchange Commission (SEC) in response to its request for feedback on a regulatory framework for "new types of ETFs," covering exchange-traded products such as crypto assets, private assets, event contracts, and leveraged strategies.
The cryptocurrency industry organization Crypto Council for Innovation (CCI) recommends extending certain regulatory accommodations applicable to ETFs to non-ETF exchange-traded products. Venture capital firm Andreessen Horowitz (a16z) states that the SEC should assess products based on their underlying assets and risk profiles, rather than treating all new ETFs as a single category.
Grayscale opposes adding portfolio restrictions to mature digital asset products; Chainalysis recommends leveraging public blockchains for real-time monitoring and verifiable disclosures. Kalshi supports including event contracts in registered funds, while consumer advocacy group Public Citizen opposes event contract ETFs being made available to retail investors. The SEC will evaluate whether to adopt a unified regulatory framework or establish separate rules based on product structure and risk. (Decrypt)