SEC Opens 60-Day Public Comment Period on Next-Generation Crypto and Strategic ETF Regulatory Framework

According to ChainCatcher, the U.S. Securities and Exchange Commission (SEC) has opened a 60-day public comment period to evaluate whether existing regulatory rules remain applicable to exchange-traded funds investing in novel asset classes or employing new strategies, and whether adjustments to registration processes are needed.

The SEC noted that global ETF assets under management surged from $4 trillion in 2019 to over $12 trillion by end-2025. Crypto-focused ETF issuers are increasingly moving beyond simple spot tracking to offer sophisticated products including staking-related structures (such as Grayscale's recent Hyperliquid Staking ETP), stablecoin reserve funds, and Bitcoin yield products combining covered calls (proposed by BlackRock and Goldman Sachs).