The Chicago Board Options Exchange (CBOE), the largest options trading exchange in the United States, has submitted a regulatory change proposal to the U.S. Securities and Exchange Commission (SEC) to simplify the listing regulations for cryptocurrency ETFs. If this measure is approved, it is expected that in the future, individual cryptocurrency ETFs can be listed by meeting certain requirements without obtaining separate approvals for each ETF.
Nate Geraci, an ETF specialist, introduced CBOE's proposed regulatory change, evaluating that the previously complex procedure of obtaining individual SEC approvals for each cryptocurrency ETF issuance could be significantly reduced. Geraci explained that if this proposal passes, "issuers can list cryptocurrency ETFs without separate individual reviews as long as they meet certain standards".
It has been confirmed that in addition to CBOE, NYSE Arca has also submitted similar documents. This suggests a coordinated movement to make it easier for cryptocurrency products to enter the regulated market across the U.S. ETF market.
As President Trump continues to make cryptocurrency-friendly statements, raising industry expectations, the lowering of entry barriers for institutional investor products is expected to have a significant impact on major cryptocurrencies including Bitcoin (BTC). The market's attention is focused on whether the U.S. ETF regulatory simplification trend can actually be implemented as a system.
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