6 Jun 2025
💰Proposed Rule Change for VanEck Bitcoin and Ethereum Trusts
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To Amend the Rules Governing the Listing and Trading of Shares of the VanEck Bitcoin Trust and the VanEck Ethereum Trust To Permit In-Kind Creations and Redemptions Under Rule 14.11(e)(4) (Commodity-Based Trust Shares)
Summary
The SEC is assessing a proposed rule change from Cboe BZX Exchange to amend listing rules for the VanEck Bitcoin and Ethereum Trusts, allowing in-kind creations and redemptions. This proposal aims to enhance the trading mechanics and operational efficiency of trust shares while addressing legal and policy issues. The Commission is encouraging public comments on this proposal.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change to allow in-kind creations and redemptions for the VanEck Bitcoin and Ethereum Trusts may impact business owners and executives involved in cryptocurrency trading and investment. This regulatory change could enhance liquidity and operational flexibility for trust shares, potentially attracting more investors.