Search Results for keywords:"ARK21Shares Bitcoin ETF"

Found 2 results

Search Results: keywords:"ARK21Shares Bitcoin ETF"

View All
Oldest Newest
  • 2024-28114 — Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To List and Trade Various Bitcoin Options
    💰
    Type:Notice
    Citation:89 FR 95309
    Reading Time:about 64 minutes

    The Securities and Exchange Commission (SEC) has been notified that Nasdaq ISE, LLC has filed a proposal to allow options trading for various Bitcoin-related exchange-traded funds (ETFs) on their exchange. The proposed rule aims to include Bitcoin-backed commodity ETFs, such as the Fidelity Wise Origin Bitcoin Fund and the ARK21Shares Bitcoin ETF, among others, as appropriate for options trading. The rule sets specific conditions and standards that these ETFs must meet to be eligible for options trading, ensuring they are widely held and actively traded. The SEC is seeking public comments on this proposal and has also considered waiving the 30-day operative delay to allow the rule to take effect immediately after filing.

    Simple Explanation

    Nasdaq wants to start selling special options for buying and selling Bitcoin funds, and they told the SEC about their plan. This means you might soon be able to trade these special options on their exchange, and the SEC wants to know what people think about this idea.

  • 2024-28107 — Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of Proposed Change To List and Trade Option Contracts on the iShares Bitcoin Trust, the Fidelity Wise Origin Bitcoin Fund, and the ARK21Shares Bitcoin ETF
    💰
    Type:Notice
    Citation:89 FR 95257
    Reading Time:about 43 minutes

    The NYSE American LLC has proposed a new rule to the Securities and Exchange Commission allowing the listing and trading of options on the iShares Bitcoin Trust, the Fidelity Wise Origin Bitcoin Fund, and the ARK21Shares Bitcoin ETF. This initiative aims to boost market liquidity, price efficiency, and transparency for these Bitcoin-backed funds, ensuring investors have a stable and cost-effective way to engage with the Bitcoin market. The rule also outlines specific position limits and surveillance measures to prevent market manipulation and ensure investor protection. The proposal has been approved for immediate effectiveness, allowing options to be listed once all necessary systems are prepared to handle trading.

    Simple Explanation

    The NYSE American has a new plan that lets people trade pretend versions of some new Bitcoin investments, like iShares and Fidelity Bitcoin funds, which helps make buying and selling easier and keeps it fair so nobody cheats. This rule is ready to use right away, but grown-ups have to set up the systems to make trading work before it starts.