Cboe BZX and NYSE Arca proposed new SEC listing standards to simplify the approval of encryption ETFs.

[Cboe BZX and NYSE Arca Propose New SEC Listing Standards to Simplify Crypto ETF Approval] Cboe BZX exchange and NYSE Arca submitted a proposal to the U.S. Securities and Exchange Commission (SEC) on July 30, suggesting the establishment of universal listing standards for crypto ETFs, aimed at simplifying the approval process. Current regulations require each ETF to submit a separate 19b-4 form and undergo a review period of up to 240 days. If the new standards are approved, eligible crypto ETFs will not need to apply on a case-by-case basis, significantly saving time and costs. Cboe stated that they will also add quantitative listing standards regarding the scale of crypto assets in the future. This initiative comes as the regulatory environment for crypto has become more relaxed since the Trump administration took office, and the SEC has recently approved the physical redemption mechanisms for Bitcoin and Ethereum ETFs, while also increasing the options limits for Bitcoin ETFs.