TechFlow, July 31 — According to official documents, the Chicago Board Options Exchange (CBOE) has submitted a new rule proposal suggesting that cryptocurrency ETFs meeting standardization requirements could bypass the U.S. Securities and Exchange Commission's (SEC) case-by-case approval process and be automatically listed. Under the proposal, if the underlying crypto asset has been traded in futures on a regulated market for over six months, the related fund would qualify for listing. The proposal also sets specific requirements for staking-based ETFs, mandating a liquidity risk management plan when more than 15% of fund assets are not immediately redeemable. This move could benefit assets such as Solana and Cardano that rely on staking mechanisms.
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