Odaily Planet Daily reported that 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 cryptocurrency ETFs that meet standardized conditions can skip the case-by-case approval process and be automatically listed directly.
According to the proposal, ETFs tracking crypto assets with a proven futures trading record of at least six months on a regulated market would qualify for listing. The proposal also imposes regulatory requirements on collateralized ETFs, requiring them to develop liquidity risk management plans when more than 15% of a fund's assets cannot be immediately redeemed. This proposal could benefit crypto assets like Solana and Cardano that rely on collateralization mechanisms. (Dlnews)
