Do national securities exchanges need SEC approval before trading bitcoin ETPs?
Could you elaborate on the regulatory framework surrounding the listing and trading of bitcoin exchange Traded Products (ETPs) on national securities exchanges? Specifically, does the Securities and Exchange Commission (SEC) require prior approval before such products can be traded on these exchanges? Given the novelty and volatility of cryptocurrencies, it's crucial to understand the regulatory oversight that governs the introduction of Bitcoin ETPs into the traditional financial market ecosystem. Clarifying this regulatory process would provide valuable insights for investors, market participants, and regulators alike.