The Chicago Board Options Exchange (Cboe) wants to ease the approval process of crypto exchange-traded funds (ETFs). The exchange has applied to the U.S. Securities and Exchange Commission (SEC) to allow listing of Commodity-Based Trust Shares that meet specific criteria already made into law.
Cboe just filed 19b-4 requesting a rule change which would allow crypto ETFs to list & trade under a standard framework…
In other words, issuers wouldn’t have to request specific approval for each crypto ETF as long as it meets certain criteria. pic.twitter.com/BXC2fSZGxB
— Nate Geraci (@NateGeraci) July 30, 2025
With the same vision in mind, the New York Stock Exchange (NYSE) also submitted a similar application on the same day as Cboe, in a move to broaden its footprint into the crypto ecosystem.
Simplified ETF Listing Process
According to a filing by the Cboe, it proposes to amend Rule 14.11(e)(4)(A) to include that the Exchange will consider for trading, “whether by listing or pursuant to unlisted trading privileges,” ETFs tied with cryptocurrencies that meet the criteria of proposed Rule 14.11(e)(4).
At the same time, it also plans to submit a filing to allow listing and trading of some trust shares that do not meet the standards in the proposed rule. Meanwhile, there’s a clause for intending ETFs under this category. All statements in its filing concerning its index or portfolio description and the relevance of its exchange listing rules will include continued listing requirements that will be reviewed over time.
As a result, the investment fund issuers must reach out to the exchange for any failure to comply with the continued listing requirements. And if the assets do not meet these requirements, the exchange would suspend trading in the Trust shares and would initiate delisting proceedings as outlined in Rule 14.12.
What it Means for Crypto
Remarkably, following the approval of the latest CBOE and NYSE filings, the crypto ecosystem would welcome many new ETFs that meet the requirements listed in the law. This will, in turn, result in newer cash flow into these crypto assets, as many indirect investors would stack shares of various assets through the exchange.
Meanwhile, as previously reported by CryptocurrenciesToWatch, Former Fox Business journalist Eleanor Terrett hinted at such an application a few weeks ago, where she noted that, if the amendment is implemented, intending ETF issuers could decide to skip the 19b-4 filing process, file an S-1, and await SEC approval within 75 days, as long as the intending token to be listed meets specific requirements.
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