The Securities and Exchange Commission (SEC) voted in favor of adopting generic listing standards for exchange-traded products that hold spot commodities, including digital assets.
The approved rule changes were proposed by three national securities exchanges.
“By approving these generic listing standards, we are ensuring that our capital markets remain the best place in the world to engage in the cutting-edge innovation of digital assets. This approval helps to maximize investor choice and foster innovation by streamlining the listing process and reducing barriers to access digital asset products within America’s trusted capital markets,” SEC Chairman Paul Atkins said.
Jasmie Selway, the director of the SEC’s Division of Trading and Markets, said the approval of the generic listing standards provides much needed regulatory clarity and certainty to the investment community.
In addition to the approval of the generic listing standards for Commodity-Based Trust Shares, the Commission also approved the listing and trading of the Grayscale Digital Large Cap Fund. This fund holds spot digital assets based on the CoinDesk 5 Index.
In addition, the Commission approved the listing and trading of p.m.-settled options on the Cboe Bitcoin U.S. ETF Index and the Mini-Cboe Bitcoin U.S. ETF Index with third Friday expirations, nonstandard expirations, and quarterly index expirations.