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Cboe Seeks SEC Nod for Bitcoin, Ethereum ETFs

Coin WorldMonday, Jan 27, 2025 9:36 pm ET

1min read

Cboe Global Markets has submitted a 19b-4 application to the U.S. Securities and Exchange Commission (SEC), seeking authorization for the ARK 21Shares Bitcoin ETF and the 21Shares Core Ethereum ETF. The application focuses on facilitating in-kind creations and redemptions, marking a significant step towards enhancing institutional investment in cryptocurrencies.

The anticipated approval of these spot ETFs would permit transactions through cash settlements exclusively, impacting the liquidity dynamics of the Bitcoin and Ethereum markets. Investors should remain vigilant as this transition could significantly influence market behavior and investor strategies in cryptocurrency. ETFs, particularly for those seeking exposure to digital assets, represent a crucial vehicle for diversifying portfolios amidst increasing regulatory scrutiny.

The 19b-4 application, filed by Cboe Global Markets, aims to secure approval for the ARK 21Shares Bitcoin ETF and the 21Shares Core Ethereum ETF. This development is a pivotal step towards enhancing institutional investment in cryptocurrencies, as it focuses on facilitating in-kind creations and redemptions.

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