25 Jul 2025
💰Cboe's Proposed Rule Change for VanEck Bitcoin & Ethereum ETFs
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change, as Modified by Amendment No. 1, To Amend the Rule Governing the Listing and Trading of the VanEck Bitcoin ETF and the VanEck Ethereum ETF To Permit In-Kind Creations and Redemptions
Summary
The Cboe BZX Exchange is filing a proposed rule change to allow in-kind creations and redemptions of shares for the VanEck Bitcoin and Ethereum ETFs. This amendment aims to enhance operational efficiencies and improve the trading process for authorized participants while maintaining compliance with regulatory standards.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change permits in-kind creations and redemptions for the VanEck Bitcoin and Ethereum ETFs, allowing authorized participants more flexibility and efficiency in trading. This is likely to increase market efficiency and may impact liquidity and trading strategies for businesses involved in cryptocurrency investments.