21 Jul 2025
💰Proposed Rule Change for Bitwise Bitcoin and Ethereum ETFs
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend the Rules Governing the Listing and Trading of Shares of the Bitwise Bitcoin ETF Trust and the Bitwise Ethereum ETF in Order To Permit In-Kind Creations and Redemptions
Summary
The Securities and Exchange Commission has issued a notice regarding the proposed rule change for the Bitwise Bitcoin ETF Trust and Bitwise Ethereum ETF. This change aims to permit in-kind creations and redemptions, potentially enhancing market functionalities while the Commission extends the review period for effective consideration.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change for the Bitwise Bitcoin and Ethereum ETFs to allow in-kind creations and redemptions has implications for market participants and investors, as it may enhance liquidity and trading efficiency. Businesses involved in cryptocurrency trading and investment will need to adjust strategies based on potential regulatory changes and market conditions.