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SEC streamlines listing of commodity trust shares, paving way for faster crypto ETF approvals on major U.S. exchanges.
Key Takeaways
- The SEC has approved standardized listing rules for commodity-based trust shares.
- Nasdaq, Cboe, and NYSE can now list these products without individual SEC applications per product.
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The Securities and Exchange Commission approved generic listing standards for commodity-based trust shares on Nasdaq, Cboe and the New York Stock Exchange.
The approval allows these exchanges to list shares of commodity-based trusts under standardized criteria rather than requiring individual applications for each product. The new framework applies to trust structures that hold physical commodities or commodity-related investments.
This newly approved standard paves the way for formal listing rules for crypto exchange-traded funds, quickly setting the stage for these products to be prepared for public trading.
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