25 Jul 2025
🪙SEC Proposes Rule Change for Bitcoin and Ethereum ETFs
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change, as Modified by Amendment No. 3, To Amend the Rule Governing the Listing and Trading of the ARK 21Shares Bitcoin ETF and the 21Shares Core Ethereum ETF To Permit In-Kind Creations and Redemptions
Summary
The Securities and Exchange Commission is reviewing a proposed rule change by Cboe BZX Exchange to allow in-kind creations and redemptions for the ARK 21Shares Bitcoin ETF and 21Shares Core Ethereum ETF. This amendment aims to enhance market efficiency and improve processes for authorized participants, facilitating smoother crypto transactions.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change allows for in-kind creations and redemptions for the ARK 21Shares Bitcoin ETF and the 21Shares Core Ethereum ETF. This change could increase operational efficiency for authorized participants, facilitating smoother transactions in cryptocurrencies and potentially growing market participation and investment fluidity.