Bullish Is Riding the SEC's Crypto Rule Change to New Heights. Time to Hop On?

"Navigating crypto's regulatory maze has long been a hurdle for exchanges. The SEC's recent approval of standardized listing criteria for commodity-based ETPs, highlighted by Commissioner Hester Peirce, marks a turning point. Previously, exchanges faced lengthy approvals for each ETP under Section 19(b) of the Exchange Act. The new rule sets clear benchmarks - assets must trade on surveilled markets, back CFTC-regulated futures for six months, or support ETFs with 40% economic exposure - streamlining the process."

"Yesterday, the SEC also approved the conversion of Greyscale Investment's Digital Large Cap Fund (OTC:GDLC) into the first-ever multi-token crypto exchange-traded fund (ETF) For Bullish, this unlocks opportunities to expand tokenized assets and spot commodity offerings, tapping into a projected $1.3 trillion tokenized market, per Binance Research. However, regulatory clarity doesn't eliminate market volatility or compliance costs, which Bullish must navigate carefully."

"Bullish's IPO in August raised $629 million at a $4.2 billion valuation, with shares priced at $37. The stock jumped 83% to $68 on day one , peaking at $118 intraday - a 213% spike. Today, BLSH trades around $65 per share after a big 20% surge yesterday, still down from its debut high but competitive among peers. Unlike retail-driven platforms, Bullish focuses on institutional clients, offering audited reserves, MiCAR-compliant licenses in Europe, and tech built for high-volume trading."

The SEC approved standardized listing criteria for commodity-based ETPs, requiring assets to trade on surveilled markets, back CFTC-regulated futures for six months, or support ETFs with 40% economic exposure. The SEC also approved conversion of Greyscale's Digital Large Cap Fund into a multi-token crypto ETF. These regulatory shifts create opportunities to expand tokenized assets and spot commodity offerings, with a projected $1.3 trillion tokenized market per Binance Research. Bullish raised $629 million in an IPO at a $4.2 billion valuation and experienced large early price swings. Bullish targets institutional clients with audited reserves, MiCAR licenses, liquidity pools, low-latency systems, and AI-driven tools, while needing to manage volatility and compliance costs.

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