Search Results for keywords:"Cboe BZX Exchange"

The Cboe BZX Exchange, Inc. has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to amend rules concerning two investment products: the Invesco Galaxy Bitcoin ETF and the Invesco Galaxy Ethereum ETF. The proposal aims to allow these ETFs to process creations and redemptions both in cash and in-kind. This change is intended to improve the efficiency of trading by allowing participants to use actual cryptocurrencies like bitcoin or ether instead of cash alone, potentially streamlining transactions and reducing market impacts. The SEC is inviting public comments on this proposal until April 8, 2025.

The Securities and Exchange Commission (SEC) is considering whether to approve a proposed rule change submitted by Cboe BZX Exchange, Inc. that would allow it to list and trade Multi-Class Exchange-Traded Fund (ETF) Shares under an amended rule. This change seeks to enable quicker listings of these shares when exemptive relief is granted by the SEC, as several applications for such relief are currently pending. The SEC is reviewing whether this proposal is consistent with legal requirements that protect investors and prevent fraud. Interested parties are encouraged to submit their opinions on whether the rule change should be approved or disapproved by mid-March 2025.

The Cboe BZX Exchange, Inc. has proposed a rule change related to fees for connecting to its network, specifically increasing the cost of 10 gigabit (Gb) physical ports from $7,500 to $8,500 per month. This change aims to account for inflation and reflects investments in the Exchange's infrastructure, like upgraded switch hardware and new data centers, which enhance service quality and capacity. The Exchange argues that even with the fee increase, their pricing remains competitive with other exchanges. Public comments on this proposed change are solicited by the Securities and Exchange Commission.

Cboe BZX Exchange, Inc. has filed a proposal with the Securities and Exchange Commission to change its rules to allow listing options on certain Bitcoin ETFs, such as the iShares Bitcoin Trust and the Grayscale Bitcoin Trust. The primary goal is to give investors a way to trade options tied to Bitcoin prices through a regulated exchange, which can be more transparent and secure than over-the-counter markets. These options will have a position limit of 25,000 contracts to prevent market manipulation, and the proposal includes provisions for initial and continued listing standards. The SEC is inviting public comments on this proposal.

The Securities and Exchange Commission (SEC) is reviewing a proposed rule change submitted by the Cboe BZX Exchange, Inc.. This proposal seeks to allow closed-end management investment companies that are registered under the Investment Company Act of 1940 to bypass the annual meeting of shareholders, as required by Exchange Rule 14.10(f). The SEC initially designated a longer period for decision-making to ensure they thoroughly evaluate the proposal and any comments received. They have now extended the deadline to either approve or disapprove this change to March 12, 2025, providing more time for consideration.

Cboe BZX Exchange, Inc. proposed a rule change to increase the monthly fee for 10 Gb physical ports. The Securities and Exchange Commission (SEC) received this proposal on February 14, 2025, and it is effective immediately. The SEC is seeking comments from the public on whether this change aligns with the Securities Exchange Act of 1934. Comments can be submitted online, by email, or by mail to the SEC before March 19, 2025.

The Securities and Exchange Commission is considering a proposal from the Cboe BZX Exchange, Inc. to list and trade shares of the WisdomTree XRP Fund. This fund would allow investors to invest in XRP, a type of digital asset, through a regulated exchange-traded product rather than directly buying and holding XRP. The proposal includes various measures to prevent fraud and manipulation in the trading of XRP and claims that these measures would protect investors. The Commission is seeking public comments on whether or not they should approve this rule change.

The Cboe BZX Exchange, Inc. has proposed a rule change to the Securities and Exchange Commission (SEC) to amend its fee structure for listing certain financial products called Outcome Strategy Exchange-Traded Products (ETPs). This change involves expanding the annual listing fee cap, now $16,000 per year, to include ETPs that base their returns on the performance of more than one reference index. The proposal aims to make listing costs more affordable and to encourage more issuers to list or transfer their ETPs to the Exchange, thereby fostering competition. The SEC is inviting public comments on this proposal before it makes a final decision.

The Securities and Exchange Commission (SEC) approved proposals from Nasdaq Stock Market LLC and Cboe BZX Exchange, Inc. to list and trade new Exchange-Traded Funds (ETFs) called the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF. These ETFs will hold both spot bitcoin and spot ether as their underlying assets. The SEC concluded that the exchanges have adequate measures to prevent fraud and manipulative practices, ensuring the safety and fairness of trading these shares. The approval of the Franklin ETF was expedited due to its similarities with previously approved ETFs.

The Securities and Exchange Commission has announced that the Cboe BZX Exchange, Inc. plans to increase the monthly fee for 10 Gb physical ports from $7,500 to $8,500. This change aims to help the exchange maintain and update its technology while keeping its fees competitive compared to other exchanges. The exchange has noted that this increase accounts for inflation and is consistent with improvements made in their services. Public comments are invited on this proposed rule change.