SEC Approves Crypto ETFs on Nasdaq

SEC Approves Standardized Listing Rules for Commodity-Based Trust Shares

• The Securities and Exchange Commission (SEC) has approved generic listing standards for commodity-based trust shares.
• Nasdaq, Cboe, and the New York Stock Exchange (NYSE) can now list these products without individual SEC applications per product.
• The new framework applies to trust structures holding physical commodities or commodity-related investments.
• This approval sets the stage for formal listing rules for crypto exchange-traded funds (ETFs).

The SEC’s approval of standardized listing rules allows Nasdaq, Cboe, and NYSE to list commodity-based trust shares more efficiently. This development facilitates the potential introduction of crypto ETFs on these exchanges under a unified framework.