The SEC is seeking public opinion on the regulation of new ETFs, which may pave the way for predicting market ETFs

According to The Block, the U.S. Securities and Exchange Commission (SEC) is re-evaluating the regulatory approach to cryptocurrency ETFs and new types of funds such as the proposed prediction market ETFs, and is publicly soliciting opinions on Tuesday.

SEC Chairman Paul Atkins stated that he hopes to understand how to better protect investors while supporting market innovation through this solicitation of opinions. The SEC has currently approved several cryptocurrency ETFs beyond Bitcoin and Ethereum, including products for assets like SOL and DOGE, but the approval for prediction market-related ETFs is still delayed.

TD Cowen analyst Jaret Seiberg believes that this solicitation of opinions could lead to the SEC establishing a broader ETF listing framework by 2027, covering products such as event contracts, crypto assets, and single stock strategies.

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