30 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 Franklin Bitcoin ETF, the Franklin Ethereum ETF, and the Franklin Crypto Index 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 a proposed rule by Cboe BZX Exchange to amend trading rules for the Franklin Bitcoin ETF, Ethereum ETF, and Crypto Index ETF, allowing in-kind creations and redemptions. This move seeks to enhance the trading framework while maintaining existing listing requirements, prompting the commission to gather public comments on implications for regulatory compliance.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change by Cboe BZX regarding the in-kind creation and redemption processes for Bitcoin, Ethereum, and Crypto Index Trusts directly affects compliance and regulatory requirements for businesses involved in cryptocurrency investments, impacting their trading operations and market strategies.