The US SEC Delays First Round of Predictive Market ETF Review, Involving ETF Products Tied to Real-World Events such as Election Results, Economic Recession, and More

BlockBeats News, May 4th, according to Reuters, the U.S. Securities and Exchange Commission (SEC) has delayed the review of the first batch of predictive market ETFs, causing the postponement of over 24 products that were originally scheduled to launch last week. Sources familiar with the matter revealed that the SEC is requesting further clarification from the issuers regarding the product mechanism and disclosure details, and this delay is expected to be temporary. Issuers such as Roundhill Investments, Bitwise Asset Management, and GraniteShares submitted applications in February this year to launch ETF products linked to real-world events such as election results, economic downturn, tech layoffs, and oil prices. According to SEC rules, ETF applications usually automatically take effect 75 days after submission (the original deadline was this week), unless the regulatory agency intervenes.

Currently, Roundhill has set May 5th as the effective date, and Bitwise and GraniteShares' products are also expected to be launched around the same time. Bloomberg ETF analyst James Seyffart had previously expected these products to hit the market next week. The market is closely watching whether the SEC will ultimately approve this new category of "event contract" products. Bitwise Chief Investment Officer Matt Hougan said, "This is a rapidly maturing field, and regulation is also maturing in tandem," noting that innovative products such as Bitcoin ETFs have also gone through a lengthy review process before successfully launching."