CBOE's proposal aims to simplify the cryptocurrency ETF approval process by allowing automatic listings based on futures trading history and requiring liquidity risk management for certain ETFs.
The CBOE has proposed a new rule to the SEC that would enable cryptocurrency ETFs trading futures for over six months to bypass the case-by-case approval process, allowing for automatic listings. Additionally, the proposal mandates liquidity risk management measures for staking ETFs when more than 15% of assets are not immediately redeemable, aimed at expediting the approval process and enhancing market efficiency.