Bitcoin News Today: Cboe and NYSE Arca Push for Faster Crypto ETF Listings with SEC Rule Proposals

Cboe BZX Exchange and NYSE Arca have jointly submitted proposals to the U.S. Securities and Exchange Commission (SEC) to facilitate the listing of crypto exchange-traded funds (ETFs) under a standardized regulatory framework [1]. The proposed changes aim to eliminate the need for individual 19b-4 approvals, a process that can extend up to 240 days, thereby streamlining the time it takes for new crypto ETFs to reach the market [2]. According to ETF analyst Nate Geraci, this reform would allow qualifying funds to trade without undergoing case-by-case reviews, provided they meet pre-established qualitative standards [3].

Cboe BZX has filed a 19b-4 request to amend Rule 14.11(e)(4), while NYSE Arca has submitted a proposal to revise Rule 8.201-E [4]. These rule changes, if accepted, would allow ETFs holding cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) to launch more efficiently. While specific quantitative requirements—such as market cap thresholds—remain to be defined, the framework is designed to reduce regulatory friction and foster healthy market competition [1]. The exchanges emphasize that the proposals support transparency and operational integrity in the trading of these products [2].

The timing of the proposals aligns with broader developments in the regulatory landscape for digital assets. On the same day Cboe and NYSE Arca submitted their rule changes, the SEC approved in-kind redemptions for spot Bitcoin and Ethereum ETFs, a move that enhances efficiency and aligns crypto funds more closely with traditional financial products [4]. This follows the release of a 168-page White House plan outlining a strategy for integrating digital assets into the traditional financial system [2]. The plan urges regulators to streamline product rollouts and revise regulations related to custody, trading, and registration [4].

These coordinated efforts from the SEC, Congress, and the White House signal growing regulatory clarity and a shift in how digital assets are perceived within the financial system. Recent legislative progress, including the GENIUS Act and the CLARITY Act, further indicates a supportive environment for crypto-related innovations [4]. Additionally, the SEC’s recent guidance on crypto ETF disclosures, issued on July 7, reflects a broader regulatory intention to treat digital assets as a core component of financial markets rather than a niche sector [2].

The proposed framework could significantly accelerate the availability of new crypto ETFs to investors. With deadlines approaching for ETFs tied to assets like Solana and XRP, the SEC’s openness to standardized listing rules could reshape the speed at which new products reach the market [3]. If adopted, the proposals would mark a critical step toward the mainstream acceptance of crypto assets within traditional finance and could encourage greater institutional participation in the space.

The proposals are now under review by the SEC, with final adoption pending the regulator’s assessment and any public feedback received [4].

Sources:

[1] Cboe BZX proposes streamline crypto ETF approvals to the SEC (https://www.theblock.co/post/364923/cboe-bzx-proposes-streamline-crypto-etf-approvals-to-the-sec)

[2] Bitcoin News Today: Cboe BZX and NYSE Arca Propose faster crypto ETF listing rules (https://www.ainvest.com/news/bitcoin-news-today-cboe-bzx-nyse-arca-propose-faster-crypto-etf-listing-rules-2507/)

[3] Cboe and NYSE Arca propose unified crypto ETF rules (https://crypto.news/cboe-bzx-nyse-arca-regulations-crypto-etf-listings-2025/)

[4] SEC approves in-kind redemptions for spot Bitcoin and Ethereum ETFs (https://www.theblock.co/post/364703/sec-approves-in-kind-redemptions-for-spot-bitcoin-and-ethereum-etfs-increases-options-limits)