Cboe BZX and Arca propose new listing standards to the SEC to streamline the approval process for cryptocurrency ETFs

ChainCatcher news, according to The Block, Cboe BZX Exchange and Arca have proposed listing standards for cryptocurrency ETFs aimed at accelerating their approval process for public trading.

In a filing submitted to the U.S. Securities and Exchange Commission (SEC) on Wednesday, Cboe BZX requested the SEC to amend a rule to "allow commodity trust shares that meet the requirements of proposed rule 14.11(e)(4) to be listed and traded generally." This rule regulates the trading and listing of commodity trust shares and sets specific requirements for certain shares to be listed on trading platforms.