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The Chicago Board Options Exchange has proposed to simplify the listing process for cryptocurrency ETFs

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2025-07-31 09:26:40
According to official documents, the Chicago Board Options Exchange (CBOE) has submitted a proposal for new rules, suggesting that cryptocurrency ETFs that meet standardization requirements can skip the case-by-case approval process of the Securities Exchange Commission (SEC) and achieve automatic listing. According to the proposal, if the underlying crypto assets have been traded in futures on the regulated market for more than six months, the relevant funds will be eligible for listing. The proposal also sets out specific requirements for pledged ETFs to develop liquidity risk management plans when more than 15% of the fund's assets are not immediately redeemable. This move could benefit assets such as Solana and Cardano that rely on the pledge mechanism.
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