CBOE Funds Push SEC for Physical Bitcoin ETF Subscription and Redemption Mechanism
Main Idea
Five CBOE-listed funds have submitted updated filings to the SEC, proposing a physical Bitcoin ETF subscription and redemption mechanism to improve market efficiency and liquidity.
Key Points
1. Five funds listed on the CBOE submitted updated filings to the SEC regarding a physical Bitcoin ETF subscription and redemption mechanism.
2. The proposed mechanism would allow authorized participants, including Wall Street institutions and market makers, to directly exchange ETF shares for Bitcoin or Ethereum spot assets.
3. This development aims to enhance the operational framework for crypto ETFs, potentially improving market efficiency and liquidity.
Description
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