CBOE Submits New Proposal to Streamline Crypto ETF Listing Process

The Chicago Board Options Exchange (CBOE) submitted a rule change proposal to the U.S. Securities and Exchange Commission (SEC) on July 31, suggesting that crypto ETFs that meet standardized conditions can skip the case-by-case approval process and directly achieve automatic listing.

According to the proposal, an ETF can be listed if the crypto assets it tracks have a futures trading record of more than 6 months in a regulated market. At the same time, the proposal also puts forward regulatory requirements for staking ETFs, requiring the formulation of corresponding liquidity risk management plans when more than 15% of the fund's assets cannot be redeemed immediately. The proposal may be beneficial to crypto assets such as Solana and Cardano that rely on staking mechanisms. (Dlnews)