Resolve at the time of publication on sec.gov if earlier than the deadline (September 1st, 2027); "proposed rule" means a Commission release with that action line, not staff action.

Fine prints:

Leveraged or single-stock ETFs face new limits
YES if a proposed rule lowers the existing leverage cap under Rule 18f-4, restricts or bans single-stock strategies, or imposes new investor-eligibility requirements specific to them. Current 18f-4 limits staying in place resolves NO.

SEC proposes slowing down ETF launches
YES if a proposed rule would lengthen the current 60/75-day automatic approval window for any ETFs, or let the SEC pause a launch on its own initiative.

Crypto ETFs singled out with new restrictions
YES if a proposed rule, or a Commission statement/interpretive release, specifically restricts or imposes extra conditions on ETFs whose principal strategy is holding crypto assets. Applying only to commodity trusts (not '40 Act funds) doesn't count.

SEC finalizes anything from this effort by Sept 1, 2027

YES if a final rule is adopted amending Rule 6c-11 or Rule 485 with a stated purpose that includes novel ETFs.