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The Securities and Exchange Commission (SEC) is considering a proposal from NYSE Arca, Inc., to list and trade shares of a new exchange-traded fund (ETF), which will hold bitcoin and ether, the two most popular cryptocurrencies. Known as the Bitwise Bitcoin and Ethereum ETF, this fund aims to reflect the value of bitcoin and ether based on daily price benchmarks, with the goal of giving investors exposure to these cryptocurrencies without directly owning them. The SEC invites public comments on this proposal as part of its evaluation process.

The Cboe BZX Exchange, Inc. has proposed changes to the rules governing the Fidelity Wise Origin Bitcoin Fund and the Fidelity Ethereum Fund to allow for in-kind creation and redemption of shares. Previously, transactions could only be handled in cash, but now they can also be done using bitcoin or ether, depending on the fund, which is aimed at making the process more efficient for participants. The proposal emphasizes that these changes are intended to be beneficial by letting authorized participants handle the purchase and sale of the digital currencies themselves. This proposed rule change will be reviewed by the Securities and Exchange Commission, and comments from the public are being solicited until March 18, 2025.

The Nasdaq Stock Market LLC has proposed a rule change to the Securities and Exchange Commission (SEC) related to shares of the iShares Bitcoin Trust. This proposal will allow "in-kind" transfers of bitcoin, alongside the existing cash process, in the trust's creation and redemption of shares. The change aims to enhance efficiency by letting specific participants source bitcoin themselves, which may reduce the trust's market impact and benefit investors. The SEC is seeking public comments on this proposal.

NYSE Arca filed a proposed rule change with the Securities and Exchange Commission (SEC) to list and trade shares of the Bitwise Bitcoin and Ethereum ETF. This ETF, managed by Bitwise Investment Advisers, aims to provide exposure to bitcoin and ether based on their market capitalizations. The SEC will review this proposal within either 45 or 90 days to ensure compliance and fraud prevention. If the ETF is approved, it will trade under specific rules for monitoring, valuation, and trading halts on the NYSE Arca Exchange.

The Cboe BZX Exchange, Inc. has proposed a new rule change that would allow the VanEck Bitcoin Trust and the VanEck Ethereum Trust to engage in in-kind creation and redemptions. This means that authorized participants could create or redeem shares using bitcoin or ether directly, instead of cash. The goal is to improve efficiency and reduce the impact on the market by allowing these transactions to occur with the underlying cryptocurrency rather than cash. The proposed change is being reviewed by the Securities and Exchange Commission, which is seeking public comments before making a decision.

The Securities and Exchange Commission (SEC) has approved a proposed rule change allowing the NYSE Arca to list and trade shares of the Bitwise Bitcoin and Ethereum ETF under a specific rule for Commodity-Based Trust Shares. This ETF will hold both bitcoin and ether based on their market capitalizations, aiming to provide exposure to these cryptocurrencies while covering operational expenses. The SEC's approval was granted on an accelerated basis after the exchange modified its proposal to ensure transparency and fair trading practices, aligning it with other similar exchange-traded products. The public is invited to submit comments on the proposal until February 26, 2025.

The document is a notice from the Securities and Exchange Commission about the Cboe BZX Exchange's proposed rule change to list and trade shares of the Franklin Crypto Index ETF. This ETF is part of the Franklin Crypto Trust and will include both bitcoin and ether. The notice outlines the proposed rule change, its purpose, and the safeguards in place to prevent fraud and manipulation. The public is invited to comment on this proposal by January 16, 2025.