25 Feb 2025
💰Cboe BZX Proposed Rule Changes for Bitcoin and Ethereum Funds
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Amend the Fidelity Wise Origin Bitcoin Fund and the Fidelity Ethereum Fund
Summary
The Securities and Exchange Commission is considering proposed amendments to the Fidelity Wise Origin Bitcoin Fund and the Fidelity Ethereum Fund by the Cboe BZX Exchange, allowing in-kind creations and redemptions. This change aims to enhance trading efficiency and market operations for these funds, potentially benefiting investors and authorized participants by streamlining transaction processes.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule changes permit in-kind transactions for the Fidelity Bitcoin and Ethereum Funds, enhancing liquidity and potentially lowering costs for investors and authorized participants. This could attract more business and investment in cryptocurrency-related financial products.