Cboe BZX and Arca propose new listing standards to the US SEC to simplify the cryptocurrency ETF approval process.

July 31, according to The Block, Cboe BZX Exchange and Arca have proposed listing standards for cryptocurrency ETFs, aiming to speed up the approval process for their public trading.

In a filing submitted to the U.S. Securities and Exchange Commission (SEC) on Wednesday, Cboe BZX requested the SEC to amend a rule to "allow commodity-based trust shares that meet the requirements of proposed Rule 14.11(e)(4) to be generally listed and traded." This rule governs the trading and listing of commodity-based trust shares and sets specific requirements for the listing of certain shares on trading platforms. [律动]