The Securities and Exchange Commission approved generic listing standards for commodity-based trust shares on Nasdaq, Cboe and the New York Stock Exchange.

The approval allows these exchanges to list shares of commodity-based trusts under standardized criteria rather than requiring individual applications for each product. The new framework applies to trust structures that hold physical commodities or commodity-related investments.

This newly approved standard paves the way for formal listing rules for crypto exchange-traded funds, quickly setting the stage for these products to be prepared for public trading.