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ETF initials in dollar bills SEC Chair Clayton said the new rule wouldn’t cover all products and that some would continue to require greater scrutiny. Complex, leveraged products wouldn’t be eligible for the streamlined process. (Photo: Shutterstock)

(Bloomberg) –The fast-growing $3.6 trillion U.S. market for exchange-traded funds is closer to getting a shot in the arm after Wall Street’s main regulator advanced a proposal for streamlining its approval process for the products.

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