The U.S. Securities and Exchange Commission (SEC) has approved a proposed rule change from Nasdaq, the Chicago Board Options Exchange (Cboe) BZX, and the New York Stock Exchange Arca to adopt a common listing standard for commodity trust units, allowing eligible products to be listed and traded through a streamlined process. Bloomberg ETF analyst Eric Balchunas previously noted that under the common listing standard, any crypto asset with futures trading of more than six months on the Coinbase Derivatives Exchange would qualify, meaning that more than a dozen major tokens could potentially qualify for listing on the Coinbase Derivatives Exchange.