31.07.2025 05:29

Cboe and NYSE Arca, two major US stock exchanges, have jointly submitted a proposal to the Securities and Exchange Commission (SEC) that aims to significantly expedite the listing process for Bitcoin and Ethereum exchange-traded funds (ETFs). Their suggested rule changes would automate the approval process for certain crypto ETFs, mirroring the streamlined approach used for traditional equity and bond ETFs.

This innovative proposal focuses on commodity-based crypto trusts, initially targeting Bitcoin and Ethereum, but with the potential to encompass other digital assets in the future. The exchanges argue that this alignment with established financial product standards will foster quicker market access for crypto-based ETFs, ultimately benefiting investors.

By eliminating the SEC's current case-by-case review under Rule 19b-4, the proposed changes seek to reduce regulatory bottlenecks and accelerate the launch of these products. This streamlined process could lead to a surge in the availability of crypto ETFs, potentially increasing liquidity and broadening market participation.

However, this move hasn't been without criticism. Some sources, citing information obtained from internet resources, express concerns about the potential for regulatory favoritism toward specific cryptocurrencies and the broader implications for innovation within the cryptocurrency sector. These concerns underscore the complex interplay between regulatory efficiency and equitable market access within the evolving digital asset landscape.