Key Takeaways
- The SEC has approved standardized listing rules for commodity-based trust shares.
- Nasdaq, Cboe, and NYSE can now list these products without individual SEC applications per product.
The Securities and Exchange Commission approved generic listing standards for commodity-based trust shares on Nasdaq, Cboe and the New York Stock Exchange.
The approval allows these exchanges to list shares of commodity-based trusts under standardized criteria rather than requiring individual applications for each product. The new framework applies to trust structures that hold physical commodities or commodity-related investments.
This newly approved standard paves the way for formal listing rules for crypto exchange-traded funds, quickly setting the stage for these products to be prepared for public trading.
Source: https://cryptobriefing.com/sec-approves-commodity-trust-listing-standards-nasdaq-cboe-nyse/
