The Division of Corporation Finance of the Securities Exchange Commission (SEC) issued new guidance on disclosure requirements for cryptoasset exchange-traded products (ETPs) on July 1, 2025. The move is intended to provide greater clarity on the application of federal securities laws to cryptoassets.
The guidance outlines in detail what issuers of crypto-asset ETPs, defined as investment products listed and traded on national stock exchanges, are required to disclose in their offering and registration documents. Crypto-asset ETPs are typically structured as trusts that hold spot crypto-assets or derivative instruments that reference crypto-assets.
According to the guidelines, issuers of these ETPs must register their offerings and classes of securities under the Securities Act of 1933 and the Securities Exchange Act of 1934, respectively. In addition, issuers of crypto-asset ETPs are subject to the anti-fraud provisions of federal securities laws.
The SEC's Division of Corporate Finance has issued new guidance on crypto ETP disclosure, with the aim of providing clarity on the application of federal securities laws
2025-07-01 22:32:46
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