The Internet reported that according to official documents, the Chicago Options Exchange (CBOE) submitted a proposal for new rules, suggesting that cryptocurrency ETFs that meet standardization requirements can skip the U.S. Securities and Exchange Commission (SEC) case-by-case approval process and achieve automatic listing. According to the proposal, if the underlying crypto assets have been traded futures in regulated markets for more than 6 months, the relevant funds can be eligible for listing. The proposal also puts forward specific requirements for pledged ETFs. When more than 15% of fund assets cannot be redeemed immediately, a liquidity risk management plan needs to be formulated. The move could benefit assets such as Solana and Cardano that rely on pledge mechanisms.