Search Results for keywords:"ARK 21Shares Bitcoin ETF"

The Securities and Exchange Commission has announced the filing by BOX Exchange LLC of a rule change to allow options trading on two Bitcoin funds: the Fidelity Wise Origin Bitcoin Fund and the ARK 21Shares Bitcoin ETF. These changes involve amendments to certain rules regarding position limits and criteria for underlying securities, similar to recent approvals granted to Cboe Exchange. The Exchange emphasizes the potential benefits for investors, such as improved market efficiency and transparency, and asserts that its existing surveillance measures are sufficient to ensure fair trading and detect any manipulative practices. The proposed rule change is expected to enhance competition and offer investors a new, priced-efficient way to access Bitcoin-related securities.

The Cboe BZX Exchange, Inc. has proposed a change to allow the ARK 21Shares Bitcoin ETF and the 21Shares Core Ethereum ETF to enable in-kind creations and redemptions. Instead of dealing solely in cash, investors can now create or redeem shares using bitcoin or ether, which potentially enhances market efficiency. This change aims to reduce the impact of these transactions on the market by letting participants manage how they acquire or dispose of crypto assets. The proposal is under review by the Securities and Exchange Commission, which is seeking public feedback.

MIAX Sapphire, LLC proposed a rule change to amend its Exchange Rule 402, allowing the listing and trading of options on two bitcoin-backed exchange-traded funds (ETFs): the Fidelity Wise Origin Bitcoin Fund and the ARK 21Shares Bitcoin ETF. The change is in response to similar approvals by other exchanges like Cboe and aims to provide investors with a cost-effective alternative for trading bitcoin-related products in a regulated environment. The proposal includes specific listing standards and surveillance measures to ensure fair trading and prevent manipulation, and it will operate under existing rules already applied to other ETFs.