29 May 2025
📈SEC Extends Review Period for Cboe BZX 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 To Amend the Franklin Bitcoin ETF, the Franklin Ethereum ETF, and the Franklin Crypto Index ETF To Permit In-Kind Creations and Redemptions
Summary
The SEC issued a notice regarding a proposed rule change from Cboe BZX Exchange, which seeks to allow in-kind creations and redemptions for various cryptocurrency ETFs, including the Franklin Bitcoin and Ethereum ETFs. The SEC has extended the review period to July 10, 2025, to fully evaluate the implications raised by the proposal.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The content discusses the proposed rule change to allow in-kind creations and redemptions for cryptocurrency ETFs, affecting compliance and trading practices for businesses involved in cryptocurrency and investment. This could lead to new market opportunities and regulatory compliance challenges for businesses.