Grayscale, a16z Urge SEC: Don’t Restrict New Crypto ETFs

- Grayscale, a16z, and Crypto Council urge SEC to preserve current ETF classifications - Industry groups call for clearer, faster approval of new crypto ETF products On September 2, 2026, CoinDesk reported that major crypto industry organizations—Grayscale, a16z, and the Crypto Council for Innovation—formally urged the U.S. Securities and Exchange Commission (SEC) not to impose broad restrictions on new categories of crypto exchange-traded funds (ETFs). According to CoinDesk, the groups called on the SEC to preserve existing ETF classification structures and recommended clearer, faster review pathways for innovative ETF products, rather than subjecting all new ETFs to blanket regulation. These requests follow the SEC’s recent moves to streamline the approval process for crypto ETFs, and they have raised industry concerns about future regulatory treatment of complex or multi-asset funds. As a result, the organizations stressed the need for tailored regulatory approaches that support evolving financial products and emphasized the importance of providing clarity and efficiency in the agency’s approval process. As the SEC adapts its framework for digital asset ETFs, the dialogue between regulators and industry leaders is intensifying. Meanwhile, the SEC’s initiative to expedite crypto ETF approvals underscores the rapidly shifting landscape, and market participants continue to press for both clarity and flexibility as novel ETF products reach the market.