CBOE Files For Rule Change To List Crypto ETFs Faster

CBOE has filed for a rule change with the US Securities and Exchange Commission (SEC), seeking to allow the generic listing and trading of crypto ETFs. If approved, issuers will sidestep the lengthy application process for a crypto ETF, typically lasting for over 180 days.

CBOE Pushes For Uniform Framework For Crypto ETFs

CBOE has filed a 19b-4 with the SEC for a rule change that can accelerate the approval processes for crypto ETFs.  According to the filing, CBOE is requesting the SEC to permit crypto ETF issuers to rely on standardized frameworks to list their offerings.

The rule change will apply to commodity-based trust shares, including spot Bitcoin ETFs and a range of similar products. If an approval sails through, there will be no need for specific approval for each crypto ETF as long as it meets the requirements of the framework.

The SEC has a total of 240 days to issue a decision, which industry experts like Bloomberg analyst James Seyffart say will change the ETF landscape. The US SEC is probing into the possibilities of slashing crypto ETF listing times to 75 days, replacing the lengthy 19b-4 process.

This is a developing story.

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Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

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