20 Jun 2025
💰Cboe BZX Proposes Rule Change for Bitcoin and Ethereum ETFs
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 Invesco Galaxy Bitcoin ETF and the Invesco Galaxy Ethereum ETF To Permit In-Kind Creations and Redemptions Under Rule 14.11(e)(4) (Commodity-Based Trust Shares)
Summary
The Securities and Exchange Commission is reviewing Cboe BZX's proposed rule change to amend trading regulations for the Invesco Galaxy Bitcoin and Ethereum ETFs. The amendment seeks to permit in-kind creations and redemptions for these commodity-based trust shares, which could impact listing rules and market operations. The Commission encourages public feedback on this proposal.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change by Cboe BZX Exchange aims to allow in-kind creations and redemptions for the Invesco Galaxy Bitcoin and Ethereum ETFs, which could significantly impact trading strategies and market dynamics. This reflects regulatory changes that businesses must comply with and could influence investor behavior.