2 Apr 2025
💰Proposed Rule Change for Osprey Bitcoin Trust Listing on BZX
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Shares of the Osprey Bitcoin Trust Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Summary
The SEC published a notice regarding Cboe BZX Exchange's proposed rule change to list and trade shares of the Osprey Bitcoin Trust. The amendment aims to streamline the trust's trading process and enhance investor access to bitcoin through a regulated exchange. The proposal highlights compliance commitments and regulatory framework surrounding the trust’s operation.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change to list the Osprey Bitcoin Trust on the Cboe BZX Exchange could provide businesses with greater investment options and access to bitcoin exposure without direct ownership. It also sets regulatory standards for trading practices, impacting compliance aspects for businesses involved in trading and investment.