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Grayscale, 21Shares urge U.S. SEC to speed ETF review, allow confidential draft filings

Crypto industry participants including Grayscale, 21Shares and Andreessen Horowitz (a16z) have urged the U.S. Securities and Exchange Commission to make reviews of new exchange-traded products faster and more predictable. Proposals include allowing confidential draft submissions, shortening regulators’ response deadlines and permitting staking structures for spot crypto products. Some firms cautioned that rushing registration could weaken consultation and market-making feedback, while others opposed making the entire registration process nonpublic.