Bitcoin News Today: Cboe and NYSE Arca Propose Faster Crypto ETF Listing Rules

Cboe BZX Exchange and NYSE Arca Inc. have proposed new listing standards to the U.S. Securities and Exchange Commission (SEC) aimed at accelerating the approval process for crypto exchange-traded funds (ETFs) [1]. The proposed rule would allow exchanges to establish a generic framework for listing commodity-based trust shares that meet specific criteria, eliminating the need for individual 19b-4 filings for each product [1]. This shift could significantly shorten the current 240-day approval process, reducing the time and cost associated with bringing crypto ETFs to market [1].

The proposal, submitted on July 30, 2025, is part of a broader regulatory push to clarify the status of crypto assets in the U.S. financial system [1]. Under the new framework, crypto ETFs would be able to list and trade provided they meet the outlined standards, without requiring case-by-case approval from the SEC [1]. A Cboe spokesperson noted that the proposed standards do not currently include a quantitative listing requirement—such as minimum market capitalization for the underlying cryptocurrency—but the exchanges plan to incorporate such metrics in future amendments [1].

NYSE Arca similarly filed a parallel proposal, arguing that generic listing standards would enhance competition among ETF issuers and benefit investors by fostering a more efficient market [1]. The SEC, which has received numerous applications for crypto ETFs tracking assets like Solana (SOL), XRP, and Dogecoin (DOGE), has been under pressure to finalize a clear regulatory pathway for these products [1]. Recent regulatory actions, such as the SEC’s approval of in-kind redemptions for spot bitcoin and Ethereum ETFs, reflect a gradual shift toward accommodating digital assets within traditional financial structures [1].

The timing of these proposals aligns with a broader wave of regulatory activity at the federal level. The White House’s President’s Working Group on Digital Asset Markets recently released a detailed report on digital asset policy, covering issues such as tax clarity, regulatory frameworks, and the potential creation of a strategic bitcoin reserve [2]. Industry leaders have described the report as a foundational document that will guide future rulemaking and provide much-needed clarity to market participants [2]. The report’s emphasis on a structured approach to crypto regulation is seen as a step toward a more mature and institutionalized market [2].

Industry analysts and market participants have welcomed the proposed standards as a positive development. The move to streamline the approval process is expected to encourage greater innovation and diversification in the crypto ETF space [1]. By reducing regulatory friction, the new rules could also help align U.S. crypto regulations with those of other global financial centers, potentially enhancing the appeal of the U.S. as a hub for crypto investment [1].

Sources:

[1] title1.............................(https://www.theblock.co/post/363994/white-houses-working-group-releases-lengthy-crypto-report-including-legislative-proposals-crypto-stockpile-details)

[2] title2.............................(https://www.theblock.co/post/364732/crypto-industry-braces-for-incoming-white-house-regulatory-bible-on-rules-bitcoin-reserve-and-taxes)