SEC Approves Faster Way for Exchanges to List Bitcoin, Gold ETPs

The Securities and Exchange Commission approved three exchanges’ request to speed up how quickly they can list exchange-traded products that hold spot commodities like gold or Bitcoin.

Cboe Global Markets Inc., Nasdaq Inc. and NYSE Group Inc. won permission from the regulator Wednesday to list commodity-based trust shares so long as they meet “approved generic listing standards,” according to an SEC statement.

“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,” SEC Chairman Paul Atkins said in the statement.

The ...