The U.S. Securities and Exchange Commission approved proposed rule changes from three national securities exchanges to adopt generic listing standards for exchange-traded products that hold spot commodities, including digital assets. Exchanges will be able to list and trade Commodity-Based Trust Shares that meet the approved requirements without first submitting a separate proposed rule change to the SEC under Section 19(b) of the Exchange Act. Alongside the generic standards, the SEC approved the listing and trading of the Grayscale Digital Large Cap Fund, which holds spot digital assets based on the CoinDesk 5 Index. It 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, including third Friday expirations, nonstandard expirations, and quarterly index expirations.
U.S. Securities & Exchange Commission 2025-09-17
U.S. Securities and Exchange Commission approves generic listing standards for commodity-based trust shares holding spot commodities including digital assets
The U.S. SEC approved rule changes for three national securities exchanges to adopt generic listing standards for exchange-traded products holding spot commodities, including digital assets. This allows exchanges to list and trade Commodity-Based Trust Shares without separate SEC rule change submissions. Additionally, the SEC approved the listing and trading of the Grayscale Digital Large Cap Fund and p.m.-settled options on the Cboe Bitcoin U.S. ETF Index and Mini-Cboe Bitcoin U.S. ETF Index.