Chicago Board Options Exchange (CBOE) BZX Proposes Simplification of Virtual Asset ETF Listing to SEC
Summary
- Chicago Board Options Exchange (CBOE) BZX has submitted a regulatory amendment to the SEC to simplify the listing process for virtual asset ETFs.
- This proposal allows certain ETFs that meet specific requirements to be automatically listed and traded without separate approval from the SEC.
- The exchange expects this measure will enhance accessibility and efficiency in the virtual asset ETF market and improve the speed at which new products are introduced.
On the 30th (local time), The Block, a media outlet specializing in virtual assets (cryptocurrencies), reported that BZX, a securities exchange under the Chicago Board Options Exchange (CBOE), has submitted a regulatory amendment to the U.S. Securities and Exchange Commission (SEC) to expedite the listing process for virtual asset Exchange-Traded Funds (ETFs).
The proposal from BZX allows certain ETFs that meet specified requirements to be automatically listed and traded without a separate SEC approval, by skipping the usual exchange rule change filing (19b-4) review process.
The exchange expects that this measure will improve accessibility and efficiency in the virtual asset ETF market and enhance the speed of new product launches.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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