Search Results for keywords:"Bitcoin ETF"

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Search Results: keywords:"Bitcoin ETF"

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2025-06762 — Self-Regulatory Organizations; MIAX Sapphire, LLC; Notice of Filing of a Proposed Rule Change To Amend Exchange Rule 402, Criteria for Underlying Securities, To List and Trade Options on the VanEck Bitcoin Trust
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April 21, 2025
Type:Notice
Citation:90 FR 16711
Reading Time:about 34 minutes
MIAX Sapphire, LLC is proposing a change to Exchange Rule 402 to allow the listing and trading of options on the VanEck Bitcoin Trust. This initiative aims to provide investors with a more cost-effective way to gain exposure to Bitcoin by using options, similar to how they would use other Exchange Traded Funds (ETFs) already approved for trading. The proposal intends to enhance market transparency and encourage more order flow. The Securities and Exchange Commission is inviting public comments on this proposal as part of its review process.
Simple Explanation
MIAX Sapphire wants to make a new rule that lets people trade special "bets" on Bitcoin prices, just like they do with other funds. They want everyone to weigh in and share their thoughts on this idea.
2025-04237 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 2, To Amend the Rules Governing the Listing and Trading of Shares of the ARK 21Shares Bitcoin ETF and the 21Shares Core Ethereum ETF To Permit In-Kind Creations and Redemptions
March 17, 2025
Type:Notice
Citation:90 FR 12409
Reading Time:about 2 minutes
On January 27, 2025, the Cboe BZX Exchange submitted a request to the Securities and Exchange Commission (SEC) to change rules about how certain Bitcoin and Ethereum exchange-traded funds (ETFs) work. They want to allow in-kind creations and redemptions, which basically means allowing shares to be created and redeemed in exchange for a basket of assets like cash or stocks, rather than just cash. The SEC is extending the time they initially had to decide on this proposal to May 15, 2025, so they can carefully consider all aspects of the proposed changes. No public comments have been made on this proposal yet.
Simple Explanation
Imagine there are special boxes where people can put either money or toys to get new toys in return. The people in charge want to change the rules for how these boxes work, and they need more time to think about it until May 15, 2025, so they can make the best choice.

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