14 Jul 2025
💰SEC Proposal for In-Kind Transactions in Bitwise Bitcoin and Ethereum ETFs
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Amendment No. 2 to Proposed Rule Change To Amend 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 published a notice regarding NYSE Arca's proposed amendments to allow in-kind creations and redemptions for the Bitwise Bitcoin ETF and Ethereum ETF. This change aims to enhance trading efficiency and operational flexibility for Authorized Participants, fostering improved market dynamics for these cryptocurrency investment trusts.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The document outlines a proposed rule change that allows in-kind creations and redemptions for the Bitwise Bitcoin and Ethereum ETFs. This regulatory modification will enable more efficient trading processes and mitigate market impact for Authorized Participants, potentially benefiting investors and enhancing operational efficiency for trading firms.