Quick Facts:
1️⃣ The SEC has approved a new process that will accelerate the launch of crypto exchange-traded products by ending the requirement for separate rule filings.
2️⃣ The new regulatory process cuts the time an ETP can spend in regulatory limbo from up to 240 days to as little as 75 days.
3️⃣ The rule change makes it easier for investors to hold crypto in standard portfolios like IRAs and allows firms like JPMorgan Chase to accept crypto ETP shares as loan collateral.
4️⃣ Best Wallet and Best Wallet Token ($BEST) are fundamental tools for handling your crypto and making investments easier.
The Securities and Exchange Commission (SEC) just greenlit a new process for crypto exchange-traded products (ETPs), effectively ending years of regulatory traffic jams.
Where an ETP could previously sit in regulatory limbo for up to 240 days, new ones can now launch in as little as 75 days. That’s lightning fast in regulatory terms.
First, it makes it easier to invest. Previously, getting crypto into a standard portfolio was a hassle. Major firms like Vanguard have been hesitant, leaving many investors on the sidelines.
Now, with a clear path for diversified crypto ETFs, advisors can easily offer index-like crypto exposure using the familiar platforms you already use.
Suddenly, a wealth manager can allocate to crypto the same way they would to an S&P or gold fund. That means you can hold digital assets in your IRA alongside stocks and bonds.
Finally, this isn’t just about new financial products; it’s about keeping the US competitive in the global race for financial technology.
The experience will only get better with time, as Best Wallet has plans to expand to over 60 blockchains. And the best part is it uses state-of-the-art Fireblocks MPC-CMP security that ditches that terrifying seed phrase you had to write down and worry about losing.
If you want to dive beyond the ETPs to truly own your digital assets, download Best Wallet today.
Holding $BEST gives you exclusive, early access to the hottest new token presales through its ‘Upcoming Tokens’ launchpad. Think of it as a VIP pass to vetted, high-potential projects before they hit major exchanges.
On top of that, $BEST dramatically improves your wallet experience with reduced transaction fees on swaps and transfers, instantly making your trading more profitable.
You can earn passive income through the staking rewards program, currently offering 79% APY.
Remember, this is not intended as financial advice, and you should always do your own research before making any investments.
