Currently, the launch of a new cryptocurrency linked ETF has to be approved by the SEC. Yesterday the regulator announced that it has approved a rule change that allows three national securities exchanges to adopt generic listing standards that sidestep the need for an SEC review. The listing standards apply to commodity-based trust shares.

“By approving these generic listing standards, we are ensuring that our capital markets remain the best place in the world to engage in the cutting-edge innovation of digital assets. This approval helps to maximize investor choice and foster innovation by streamlining the listing process and reducing barriers to access digital asset…