CBOE and NYSE ARCA present a proposal to the SEC to accelerate approval of the ETF crypt

The two US bags submitted requests before the Sec to allow generic listing standards for the ETF crypt.

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• Proposal seeks to avoid individual procedures for each new ETF crypt.
  
• Sec It could approve new rules in the next few days.
  
• Initiative coincides with wave of applications after arriving from Trump to power.

Two important US stock exchanges are looking for a more efficient way to list funds quoted in the stockbroker (ETF) related to cryptocurrencies.

This week, CBOE BZX EXCHANGE AND NYSE ARCA, INC. presented proposals before the United States Stock Exchange and Securities Commission (SEC) to establish generic listing standards that would accelerate the approval process for this type of products.

The proposal seeks to reform the current regulations that require the bags to submit an individual application (form 19B-4) For each new ETF based on cryptocurrencies. This process can extend up to 240 days, significantly delaying market accessreports The Block.

The proposal of CBOE: Eliminate the 19B-4 For some ETF crypt

According to the document delivered by CBOE to the Secthe bag is requesting a change to the Rule 14.11 (E) (4)that governs the calls Commodity-Based Trust Shares. The change would allow listing and negotiating ETF crypt that meet certain requirements without submitting a specific application for each case.

“In other words, emitters would not have to ask for individual approval for each crypt ETF while fulfilling certain criteria.”explained Nate Geraci, president of Novadius Wealththrough an X publication.

A spokesman for CBOE He pointed out that, although the current proposal does not establish quantitative criteria (such as cryptocurrency size), it is planned to include them in the future. “Following the orientation of the SEC, we plan to modify separately the generic standards proposed to include initial quantitative requirements after its adoption”he said.

In the best case, the initial approval or rejection by the Sec It could occur in approximately 21 days. In the worst scenario, the process could take up to 240 days.

NYSE ARCA adds with your own initiative

The proposal of NYSE ARCA Follow a similar line. The bag also submitted a request before the Sec Wednesday to establish generic listing standards and negotiation for Commodity-Based Trust Shares.

“We believe that the proposed generic listing standards would facilitate the process of listing these products by significantly reducing the time and costs involved, which in turn would promote competition in the market between issuers, for the benefit of the investor public,” affirmed NYSE ARCA In your official application.

Both bags agree that greater efficiency in the procedures could accelerate innovation in the financial sector and improve public access to products based on digital assets.

Regulatory policy and environment

This regulatory impulse occurs in a political context marked by a favorable turn towards the crypto sector. After the arrival of Donald Trump to the presidency in January, multiple firms have presented proposals to list Cryptocurrencies as Sun, XRP and Dogeanticipating a more open environment by the regulator.

On Tuesday, the SEC approved key changes to ETFs Bitcoin and Ethereum. Specifically, gave green light to the use of redemptions “In kind”(removing assets instead of their cash equivalent) for these products and increased the options for funds Bitcoin.

Until recently, the Sec It favored an cash redemption model, which required to sell the assets immediately and deliver the money to the investor. The change towards redemptions In-Kind It could simplify the operation and improve efficiency for ETF managers.

A step towards the standardization of crypto products

The possibility that Sec Approve these new rules represents an important step towards the standardization of crypto products within the traditional financial system. If accepted, these standards would allow the cryptocurrency ETF bags to be faster, provided they comply with the established criteria.

This could have a multiplier effect on the market, encouraging more emitters to launch crypto products and expanding the investment options available for the general public. In addition, it would reduce the bureaucratic load on the regulator, allowing it to focus on more complex cases.

In an environment where demand for financial instruments linked to cryptocurrencies continues to grow, these proposals reflect an evolution towards a more agile, modern and competitive regulatory framework.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

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