1 Aug 2025
💰SEC Approves In-Kind Transactions for Bitcoin and Ether Trusts
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Cboe BZX Exchange, Inc.; NYSE Arca, Inc.; Order Granting Accelerated Approval of Proposed Rule Changes, as Modified by Amendments Thereto, To Amend Certain Bitcoin and Ether-Based Commodity-Based Trust Shares To Permit In-Kind Creations and Redemptions
Summary
The SEC has granted accelerated approval for proposed rule changes that enable Bitcoin and Ether-based Commodity-Based Trust Shares to participate in in-kind creations and redemptions. This regulatory shift aims to enhance market efficiency and cost-effectiveness for authorized participants, fostering a more favorable landscape for cryptocurrency investments.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The text discusses the approval of proposed rule changes that allow Bitcoin and Ether-based Commodity-Based Trust Shares to engage in in-kind creations and redemptions. This change can impact the efficiency and cost-effectiveness of these financial products, enhancing their market integration which is crucial for business owners in the financial sector.