Search Results for keywords:"Cboe BZX Exchange"

Cboe BZX Exchange, Inc. filed a proposal with the Securities and Exchange Commission (SEC) to list and trade shares of the Canary XRP Trust. This proposal was initially published for comments in the Federal Register on February 25, 2025. The SEC has extended its decision-making period to May 26, 2025, to allow more time to consider the proposal and any issues it raises. The decision could be to approve, disapprove, or start a process to possibly disapprove the proposed rule change.

The Cboe BZX Exchange, Inc. has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to list and trade shares of the VanEck Solana Trust under BZX Rule 14.11(e)(4). This rule pertains to Commodity-Based Trust Shares. The Exchange suggests that Solana (SOL) is resistant to price manipulation and highlights the regulation's aim to create a safer and more transparent investment option for U.S. investors, addressing manipulation concerns and ensuring compliance with the Act. The SEC invites public comments on this proposal before making a decision to approve or disapprove it.

The Securities and Exchange Commission is reviewing a proposal by Cboe BZX Exchange, Inc. to list and trade shares of the Fidelity Solana Fund. This fund will invest in Solana, a type of cryptocurrency, without needing a surveillance-sharing agreement with a market of significant size for monitoring. The proposal aims to offer U.S. investors a transparent and regulated option to invest in Solana, possibly reducing risks like price manipulation and high management fees. The SEC is seeking comments from the public and plans to decide on approval within 90 days.

The Cboe BZX Exchange, Inc. has proposed a change to its fee structure related to a new service involving Dedicated Cores. These Dedicated Cores allow firms to use the full processing power of a CPU core, offering benefits such as reduced latency and improved trading performance. The proposal includes different monthly fees based on the number of cores a firm uses, with up to two cores provided at no cost as an option for all users. This fee structure is designed to be fair, as higher fees are charged to those consuming more resources, and the service is entirely optional and not required for trading on the Exchange.

Cboe BZX Exchange, Inc. has proposed a rule change to allow the listing of options on Commodity-Based Trust Shares, which are shares that represent interests in commodities held in trusts, on their exchange. This aims to reduce listing times and costs by eliminating the need for separate approvals, enabling options on these trusts to be traded similarly to other ETFs. The Securities and Exchange Commission (SEC) is seeking public comments on this proposal to determine whether it aligns with trading regulations and if it should be approved. If successful, this would provide investors with more tools for hedging and trading in a regulated market environment.

On January 24, 2025, the Cboe BZX Exchange, Inc. filed a proposal with the Securities and Exchange Commission (SEC) to list options on the Fidelity Ethereum Fund. The proposal, which was modified with Amendment No. 1, was published for public comment on February 13, 2025, but received no feedback. The SEC, needing more time to review the proposal, extended the deadline for its decision to either approve, disapprove, or start proceedings regarding the proposal from March 30, 2025, to May 14, 2025.

The Securities and Exchange Commission (SEC) received a proposed rule change from the Cboe BZX Exchange, Inc. to amend the WisdomTree Bitcoin Fund to allow for in-kind creations and redemptions. Currently, the Trust processes creations and redemptions in cash, but the proposed change will enable them to handle these transactions either in cash or in-kind (using bitcoin). This adjustment is intended to improve the efficiency of the market by allowing authorized participants to transact using bitcoin directly instead of cash, potentially reducing market impact. The SEC is inviting feedback from the public on whether this proposed change aligns with the securities laws.

The Cboe BZX Exchange, Inc. has proposed a rule change to update its Fee Schedule for its equities trading platform. The main update involves introducing a new rebate program called the LMM Add Liquidity Rebate, aimed at incentivizing Lead Market Makers (LMMs) to enhance market quality by providing liquidity in higher volume BZX-listed securities. To qualify for this rebate, securities must meet a specific average daily volume threshold. Additionally, there are some minor updates like renumbering paragraphs in the Fee Schedule and removing a rarely used Market Depth Tier. The U.S. Securities and Exchange Commission is seeking comments from the public on these proposed changes.

The Cboe BZX Exchange, Inc. has proposed changes to its fee schedule, which will be effective from November 1, 2024. The proposed changes involve updating criteria for specific volume tiers, such as Add Volume Tier 3 and Add Volume Tier 5, and adjusting or removing certain fee codes. These updates aim to incentivize members to increase their order flow by offering enhanced rebates for reaching adjusted trading volume thresholds. The Securities and Exchange Commission is seeking public comments on these proposed changes.

The Securities and Exchange Commission received a proposal from the Cboe BZX Exchange, Inc. to change the rules for the Franklin Bitcoin ETF, Franklin Ethereum ETF, and the Franklin Crypto Index ETF to allow in-kind creations and redemptions. This change would let authorized participants use Bitcoin and Ethereum instead of cash to create or redeem shares, potentially making the funds operate more efficiently by reducing market impact. The proposal aims to improve the way these funds are traded by allowing more flexibility in handling Bitcoin and Ethereum, thus benefiting both the market and investors. The Commission is asking for public comments on this proposal before making a decision.