Cboe BZX and NYSE Arca propose streamlining crypto ETF listing process

According to Odaily Planet Daily, Cboe BZX and NYSE Arca have submitted a new proposal to the SEC, proposing the establishment of universal listing standards to streamline the approval process for crypto ETFs. Under current rules, exchanges are required to submit Form 19b-4 and undergo a review period of up to 240 days. If approved, eligible crypto ETFs will be able to list directly, eliminating the need for case-by-case approval. Cboe stated that the proposal does not currently set quantitative criteria such as asset size, and that relevant provisions will be added later. (The Block)