Cboe Files to Allow this for Bitcoin and Ethereum ETFs 📊
Cboe BZX Exchange, Inc. has filed with the SEC a 19b-4 proposal to enable in-kind creations and redemptions for the ARK 21Shares Bitcoin ETF and the 21Shares Core Ethereum ETF. This proposed rule change aims to allow in-kind transactions, which could streamline ETF operations and enhance investor flexibility.
The move could potentially influence how ETFs are handled in the cryptocurrency market, paving the way for more efficient management and possibly affecting the wider acceptance and regulatory framework surrounding crypto-related ETFs.
Source: www.thecoinrepublic.com ↗
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