In a significant push to modernize the crypto ETF approval process, the Chicago Board Options Exchange (CBOE) has asked the U.S. Securities and Exchange Commission (SEC) to adopt a new rule allowing for fast-tracked, standardized listings of digital asset ETFs.
If granted, the change could eliminate the months-long wait that has slowed crypto fund launches.
The exchange filed a 19b-4 request proposing a generic listing framework, enabling ETFs tied to commodities—like spot Bitcoin or Solana—to launch without undergoing individual reviews. The move could create a uniform process for issuers, provided their funds meet set criteria around asset type, liquidity, and redemption structure.
Analysts, including Bloomberg’s James Seyffart, say the proposal could reshape the ETF landscape by putting crypto funds on par with traditional commodity trusts. CBOE, already hosting several crypto-related ETFs, could pull ahead of rivals like Nasdaq and NYSE if the filing is approved.
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The SEC has up to 240 days to decide. However, recent reports hint that the agency is also exploring internal reforms to cut listing times to just 75 days through simplified S-1 filings.
Under CBOE’s proposed framework, eligible assets must be traded on a designated contract market for at least six months. The amendment also accounts for staking and introduces liquidity safeguards for funds with less than 85% of assets available for redemption on demand.
Duke Law’s Greg Xethalis noted that if approved, upcoming Solana ETFs—expected in October—would qualify under the new system. He also predicted that XRP funds could launch in Q4 with in-kind redemption features, which the SEC has already approved for Bitcoin and Ethereum ETFs.
Legal experts like Bill Morgan believe this evolving stance could speed up regulatory pathways for more altcoin-based ETFs in the near term, signaling a broader shift in how the SEC engages with tokenized financial products.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/new-proposal-could-eliminate-delays-in-crypto-etf-launches/