SEC Approves Generic Listing Standards for Commodity-Based Trust Shares
The SEC approved generic listing standards for commodity-based exchange-traded products, enabling faster digital asset product listings and approving the Grayscale Digital Large Cap Fund.
The SEC approved generic listing standards for exchange-traded products holding spot commodities, including digital assets, to streamline the listing process. This regulatory shift allows exchanges to list Commodity-Based Trust Shares without individual Section 19(b) rule change submissions. Additionally, the Commission approved the listing and trading of the Grayscale Digital Large Cap Fund and various p.m.-settled options on Cboe Bitcoin U.S. ETF Indices.
The Securities and Exchange Commission approved rule changes for three national securities exchanges to adopt generic listing standards for exchange-traded products holding spot commodities and digital assets. This decision allows exchanges to list Commodity-Based Trust Shares without submitting individual rule changes under Section 19(b) of the Exchange Act. The move aims to foster innovation, increase investor choice, and provide regulatory clarity within the digital asset market. Alongside these standards, the Commission approved the listing and trading of the Grayscale Digital Large Cap Fund, which tracks the CoinDesk 5 Index. Furthermore, the SEC greenlit p.m.-settled options on the Cboe Bitcoin U.S. ETF Index and its Mini version. These options include various expiration types such as third Friday, nonstandard, and quarterly expirations. Ultimately, the approval seeks to maintain U.S. capital markets as leaders in digital asset innovation while ensuring investor protections.
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Extracted insights
- agency sec chairman paul s. atkins
- Securities and Exchange Commission voted to approve proposed rule changes by three national securities exchanges to adopt generic listing standards for exchange-traded products that hold spot commodities, including digital assets
- Exchanges may list and trade Commodity-Based Trust Shares that meet the requirements of the approved generic listing standards
- SEC Chairman Paul S. Atkins said approving these generic listing standards ensures capital markets remain the best place for digital‑asset innovation
- Division of Trading and Markets Director Jamie Selway said the Commission’s approval of the generic listing standards provides regulatory clarity and certainty to the investment community
- Commission approved the listing and trading of the Grayscale Digital Large Cap Fund, which holds spot digital assets based on the CoinDesk 5 Index
- 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, nonstandard, and quarterly expirations
The Securities and Exchange Commission today voted to approve proposed rule changes by three national securities exchanges to adopt generic listing standards for exchange-traded products that hold spot commodities, including digital assets. As a result, the exchanges may list and trade Commodity-Based Trust Shares that meet the requirements of the approved generic listing standards without first submitting a proposed rule change to the Commission pursuant to Section 19(b) of the Exchange Act. “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,” said SEC Chairman Paul S. Atkins. Division of Trading and Markets Director Jamie Selway said, “The Commission’s approval of the generic listing standards provides much needed regulatory clarity and certainty to the investment community through a rational, rules-based approach to bring products to market while ensuring investor protections.” In addition to the approval of the generic listing standards for Commodity-Based Trust Shares, the Commission approved the listing and trading of the Grayscale Digital Large Cap Fund, which holds spot digital assets based on the CoinDesk 5 Index. The Commission also 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.
The Securities and Exchange Commission today voted to approve proposed rule changes by three national securities exchanges to adopt generic listing standards for exchange-traded products that hold spot commodities, including digital assets. As a result, the exchanges may list and trade Commodity-Based Trust Shares that meet the requirements of the approved generic listing standards without first submitting a proposed rule change to the Commission pursuant to Section 19(b) of the Exchange Act. “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,” said SEC Chairman Paul S. Atkins. Division of Trading and Markets Director Jamie Selway said, “The Commission’s approval of the generic listing standards provides much needed regulatory clarity and certainty to the investment community through a rational, rules-based approach to bring products to market while ensuring investor protections.” In addition to the approval of the generic listing standards for Commodity-Based Trust Shares, the Commission approved the listing and trading of the Grayscale Digital Large Cap Fund, which holds spot digital assets based on the CoinDesk 5 Index. The Commission also 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.