CBOE proposes streamlining cryptocurrency ETF listing process

PANews reported on July 31st that the Chicago Board Options Exchange (CBOE) has submitted a new proposal, suggesting that cryptocurrency ETFs that meet standardized requirements could bypass the U.S. Securities and Exchange Commission (SEC) case-by-case approval process and achieve automatic listing. The proposal states that if a crypto asset has been trading in futures on a regulated market for at least six months, the relevant ETF would qualify for listing. The proposal also requires collateralized ETFs to develop a liquidity risk management plan when more than 15% of the ETF's assets are not immediately redeemable.
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