In a move described as a “bombshell” by industry news outlets, the SEC has approved generic listing standards that will allow exchanges to list certain Commodity-Based Trust Shares without submitting individual rule filings, marking a significant change in how commodity and digital asset exchange-traded products (ETPs) are regulated.
SEC approves generic listing standards for commodity-based trust shares
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The move streamlines exchange-traded product listings, paving way for faster approval of digital asset and commodity funds, but shifting oversight burdens to exchanges.