18 Apr 2025
📈SEC Extends Review Period for WisdomTree Bitcoin Fund Rule Change
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend the Rules Governing the Listing and Trading of Shares of the WisdomTree Bitcoin Fund To Permit In-Kind Creations and Redemptions
Summary
The SEC has issued a notice regarding an extension on the review period for a proposed rule change by the Cboe BZX Exchange, which seeks to amend regulations governing the listing and trading of shares in the WisdomTree Bitcoin Fund, specifically to enable in-kind creations and redemptions.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The SEC is considering a rule change for the WisdomTree Bitcoin Fund, allowing for in-kind creations and redemptions, which could impact trading practices and affect liquidity for business owners involved in crypto investments and asset management.