In brief
- The proposed rule change would allow automatic approval of crypto ETFs that meet certain criteria.
- If approved, it could open the door to faster listings for altcoin-based ETFs.
- Though some warn the proposal also risks “regulatory favoritism which could “fuel private interests.”
Two major U.S. exchanges have asked the Securities and Exchange Commission to approve a rule change that could significantly shorten the approval process for future crypto exchange-traded funds, automatically listing certain products without requiring case-by-case filings.
In separate filings submitted Wednesday, Cboe BZX and NYSE Arca proposed amending their listing standards to allow certain crypto ETFs to be listed without going through the SEC’s…
