Search Results for keywords:"securities laws"

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Search Results: keywords:"securities laws"

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  • 2025-03510 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Permit In-Kind Creations and Redemptions by the WisdomTree Bitcoin Fund
    Type:Notice
    Citation:90 FR 11340
    Reading Time:about 13 minutes

    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.

    Simple Explanation

    The SEC is looking at a change that would allow a Bitcoin fund to not only use money but also actual bitcoins when people want to buy or sell parts of it. This change could make it easier and faster for people to trade because they wouldn't have to use cash all the time.

  • 2025-03065 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Options on the Grayscale Ethereum Trust ETF, the Grayscale Ethereum Mini Trust ETF, and the Bitwise Ethereum ETF
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    Type:Notice
    Citation:90 FR 10759
    Reading Time:about 57 minutes

    The Cboe BZX Exchange, Inc. has submitted a proposal to the Securities and Exchange Commission (SEC) to allow trading options on the Grayscale Ethereum Trust ETF, the Grayscale Ethereum Mini Trust ETF, and the Bitwise Ethereum ETF. The proposal aims to modify existing rules to enable these options, offering investors the opportunity to explore Ethereum's price movements in a more regulated setting. These Ethereum-based ETFs will operate similarly to other commodity ETFs already trading on the exchange, like those based on Bitcoin. The SEC is seeking public comments on this proposal, particularly regarding its consistency with securities laws.

    Simple Explanation

    The Cboe BZX Exchange wants to let people buy and sell special bets, called options, on three funds that follow the price of Ethereum, which is a kind of digital money. The government agency in charge of making sure everything's fair, called the SEC, is asking people what they think about this idea.