17 Mar 2025
📈SEC Extends Review Period for ARK 21Shares Bitcoin ETF Rule Change
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 2, To Amend the Rules Governing the Listing and Trading of Shares of the ARK 21Shares Bitcoin ETF and the 21Shares Core Ethereum ETF To Permit In-Kind Creations and Redemptions
Summary
The SEC has designated a longer period to review the proposed rule changes for the ARK 21Shares Bitcoin ETF and 21Shares Core Ethereum ETF, which include provisions for in-kind creations and redemptions. This extension allows the Commission additional time to consider potential implications and feedback on the amendments to the trading rules governing these ETFs.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change allowing in-kind creations and redemptions for Bitcoin and Ethereum ETFs could affect market liquidity and trading strategies, impacting investment decisions for business owners and executives involved in cryptocurrency and ETFs.