25 Jul 2025
📈Cboe BZX Amends Rules for WisdomTree Bitcoin Fund Trading
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 WisdomTree Bitcoin Fund To Permit In-Kind Creations and Redemptions
Summary
The SEC has published a notice regarding a proposed rule change by Cboe BZX Exchange to amend the listing and trading rules for the WisdomTree Bitcoin Fund. This amendment aims to allow in-kind creations and redemptions, enhancing operational flexibility and efficiency within the cryptocurrency investment framework.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change concerning the WisdomTree Bitcoin Fund introduces in-kind creations and redemptions, which could enhance the efficiency of the fund and provide flexibility for authorized participants. This directly impacts financial strategies for businesses operating in or investing in cryptocurrency, as it could affect market dynamics and investor behavior.