18 Mar 2025
💰Cboe BZX Proposes Amendments for Invesco Galaxy ETFs
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Amend the Invesco Galaxy Bitcoin ETF and the Invesco Galaxy Ethereum ETF in Order To Permit In-Kind Creations and Redemptions
Summary
The Securities and Exchange Commission published a notice regarding Cboe BZX Exchange's proposed rule change to allow in-kind creations and redemptions for the Invesco Galaxy Bitcoin and Ethereum ETFs. This change aims to improve market efficiency and provide greater operational flexibility for authorized participants in the trust, potentially benefiting investors.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule changes allow in-kind creations and redemptions for the Invesco Galaxy Bitcoin and Ethereum ETFs. This flexibility can lead to operational efficiencies and reduced market impacts, directly affecting cryptocurrency asset management and trading strategies for businesses involved in these markets.