Cboe BZX and NYSE Arca Propose to Streamline Crypto ETF Listing Process

Cboe BZX and NYSE Arca have submitted new proposals to the SEC, suggesting the establishment of universal listing standards to simplify the approval process for crypto ETFs. Under current rules, exchanges are required to submit a 19 b-4 form and undergo a review process lasting up to 240 days. If the proposal is approved, eligible crypto ETFs will be able to list directly without case-by-case approval. Cboe stated that the proposal does not set quantitative standards such as asset size for the time being, and relevant clauses will be added later. (The Block) [Odaily]