Cboe BZX and Arca Submit New Listing Standards Proposal to the US SEC to Streamline Cryptocurrency ETF Approval Process

BlockBeats News, July 31st, according to The Block, Cboe BZX Exchange and Arca have proposed listing standards for a cryptocurrency ETF aimed at expediting the approval process for its 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 generically listed and traded." This rule governs the trading and listing of commodity-based trust shares and imposes specific requirements for the listing of certain shares on trading platforms.