Issuers Grayscale and Bitwise are deliberately choosing a rarely traveled path. Section 8(a) of the Securities Act of 1933<\/strong>, a provision that allows registration statements to automatically become effective after 20 days unless the SEC intervenes. This approach significantly reduces timelines compared to the standard Rule 19b-4 procedure. Usually used for crypto ETFs including Dogecoin<\/a>.<\/p>\n\n\n\n Grayscale filed its application in mid-October<\/strong>, positioning a potential launch around November 24th<\/strong>, according to Bloomberg analyst Eric Balchunas. Bitwise, for its part, submitted its filing on November 7th<\/strong> to obtain automatic approval by the end of the month. As soon as the SEC sent them the acknowledgment receipt, it triggered the regulatory countdown and opened the public comment period.<\/p>\n\n\n\n By adopting this strategy, asset managers are redefining how they navigate US regulation by using a provision that favors automatic implementation. Grayscale and Bitwise circumvent the extended review periods that have slowed the launches<\/strong> of Bitcoin<\/a> ETFs and Ethereum<\/a> ETFs. Their use of this procedure demonstrates the growing maturity of institutional players<\/strong> in their understanding of the US regulatory framework.<\/p>\n\n\n\n The SEC nevertheless retains the ability to block the process if it identifies shortcomings in investor protection or market integrity. The coming days will show whether the regulator decides to intervene or let the applications run their course.<\/p>\n\n\n\n