CBOE Proposes Streamlined Listing Process for Cryptocurrency ETFs

According to a report by Jinse Finance, official documents show that the Chicago Board Options Exchange (CBOE) has submitted a new rule proposal suggesting that cryptocurrency ETFs meeting standardization requirements could bypass the U.S. Securities and Exchange Commission’s (SEC) case-by-case approval process and achieve automatic listing. Under the proposal, if the underlying crypto asset has been traded as a futures contract on a regulated market for more than six months, the related fund would qualify for listing. The proposal also sets specific requirements for staking-based ETFs: when more than 15% of a fund’s assets cannot be immediately redeemed, a liquidity risk management plan must be established. This move could benefit assets such as Solana and Cardano, which rely on staking mechanisms.