CBOE, one of the leading US stock exchanges, applied to the United States Securities and Stock Exchange Commission (SEC) for a new rule change. In this application, it is aimed to list the crypto currency-based stock market investment funds (ETF) and to realize the process of purchase and sale in a faster and standard way within a general framework.
Crypto Money ETF Process
Exporters who want to launch their crypto ETFs already have to go through long and detailed examination processes carried out by the SEC. This process usually exceeds 180 days and covers long bureaucratic stages. CBOE aims to shorten this process with the change of rule and to be carried out in a more transparent framework.
Within the scope of the change presented, crypto ETFs, which provide specific standards, are expected to automatically listed by passing through a general process on the stock market. Thus, it is planned to accelerate the applied processes and to reduce the obstacles at the market entrance. Crypto investors’ application – the reason will surprise you!
The SEC is traditionally cautious about products based on crypto assets. Therefore, it may take time to start the relevant financial products. Essentially, this precaution is related to the delayed regulation of the crypto industry, which has not been cared for years and is tried to be educated only with a law of law.
This application of CBOE is also closely monitored by other actors in the sector. A possible approval can bring significant transaction ease for both exporters and investors. It was also announced that SEC was working on a comprehensive legal framework for rapid ETF approvals.
CBOE Description
The attitude of the US Securities and Stock Exchange Commission plays a decisive role in the development of the crypto asset market. If CBOE’s proposal accelerates the creation of a standardized framework in the industry, especially investors waiting for Altcoin ETF approval may breathe.
In a statement made by CBOE: “The aim is to facilitate the introduction of new crypto ETF products with a more sustainable and open process”.
Some market participants say that with a standard framework, there may be improvements in safety and transparency. This attempt by CBOE is a step that can help the widespread cryptovariums and to be accepted wider in financial markets. The application process and the final decision of the SEC are eagerly awaited by the sector.
If the application is approved, it may be possible to integrate crypto -based investment products into the US financial system more strongly. For investors, more accessible and faster investment instruments may emerge. It is predicted that the developments on the subject may have an impact on markets in the coming period.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
