Chicago Board Options Exchange recommends simplifying the listing process for cryptocurrency ETFs

According to official sources, the Chicago Board Options Exchange (CBOE) has submitted a new proposal suggesting that cryptocurrency ETFs that meet standardization requirements can bypass the U.S. Securities and Exchange Commission (SEC) case by case approval process to achieve automatic listing. The proposal states that if encrypted assets have been traded in futures on regulated markets for more than 6 months, the relevant ETF can qualify for listing. The proposal also requires collateralized ETFs to develop a liquidity risk management plan when more than 15% of ETF assets cannot be immediately redeemed.