25 Jul 2025
💰Proposed Rule Change for Bitcoin and Ethereum ETFs by Cboe BZX
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 Invesco Galaxy Bitcoin ETF and the Invesco Galaxy Ethereum ETF To Permit In-Kind Creations and Redemptions
Summary
The Cboe BZX Exchange has filed a proposed rule change with the SEC to allow in-kind creations and redemptions for the Invesco Galaxy Bitcoin and Ethereum ETFs. This amendment aims to enhance liquidity and market efficiency, promoting a flexible trading environment for authorized participants and benefiting investors.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change allows for in-kind creations and redemptions of the Bitcoin and Ethereum ETFs, enhancing liquidity and flexibility for authorized participants. This could improve market efficiency and have positive impacts on investor engagement.