Major U.S. stock exchanges Cboe and NYSE Arca have submitted a joint request to the Securities and Exchange Commission seeking regulatory changes that would simplify the process for listing cryptocurrency exchange-traded funds. The proposal aims to create a more streamlined framework for crypto ETF approvals, potentially reducing the current lengthy and complex approval procedures.
Both exchanges are pushing for modifications to existing SEC rules that govern ETF listings, arguing that current regulations create unnecessary barriers for crypto-based investment products. The request comes as institutional demand for cryptocurrency exposure through traditional investment vehicles continues to grow across financial markets.
🚨JUST IN: The @SECGov has granted accelerated approval for proposed rule changes from @Nasdaq, @CBOE, and @NYSE to allow in-kind creations and redemptions for $BTC and $ETH ETFs.
That means market makers can deliver or receive actual crypto instead of cash — a big shift toward… pic.twitter.com/xdEsiaEqs5
— Eleanor Terrett (@EleanorTerrett) July 29, 2025
The filing represents a coordinated effort by two of the nation’s largest trading platforms to address regulatory hurdles that have historically slowed crypto ETF approvals. Industry observers note that clearer guidelines could encourage more asset managers to file applications for cryptocurrency-focused funds.
Current SEC processes require extensive documentation and multiple rounds of review for crypto ETF proposals, often resulting in delays or rejections. The exchanges’ proposal seeks to establish more predictable pathways for approval while maintaining investor protection standards.
Market Implications
This regulatory initiative could provide moderate support for cryptocurrency markets by potentially increasing institutional investment channels. The neutral market sentiment suggests investors are taking a wait-and-see approach regarding actual implementation of any rule changes.
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