The US SEC approves the adoption of general commodity trust listing standards by the three major exchanges, streamlining the listing process.
ChainCatcher News, the U.S. Securities and Exchange Commission today voted to approve rule amendment proposals submitted by three national securities exchanges, which will adopt universal listing standards for exchange-traded products holding spot commodities (including digital assets). As a result, exchanges can directly list and trade commodity trust shares that meet these universal listing standards, without the need to submit a rule amendment proposal to the Commission under Section 19(b) of the Securities Exchange Act.
U.S. Securities and Exchange Commission Chairman Paul Atkins stated: "By approving these universal listing standards, we are ensuring that the capital markets continue to be the world's leading platform for digital asset innovation. This approval helps maximize investor choice and promote innovation by streamlining the listing process and lowering the threshold for investors to access digital asset products in the trusted U.S. capital markets."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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