TechFlame reported that on July 31, according to official documents, the Chicago Board Options Exchange (CBOE) submitted a proposal for new rules, suggesting that cryptocurrency ETFs that meet standardized requirements can skip the US Securities and Exchange Commission (SEC) case-by-case approval process and achieve automatic listing. According to the proposal, if the underlying crypto asset has been futures traded in the regulated market for more than 6 months, the relevant fund will be eligible for listing. The proposal also puts forward specific requirements for pledged ETFs. When more than 15% of the fund's assets cannot be immediately redeemed, a liquidity risk management plan needs to be formulated. This move may benefit assets such

as Solana and Cardano that rely on staking mechanisms.