{"id":20702,"date":"2025-01-28T13:11:00","date_gmt":"2025-01-28T11:11:00","guid":{"rendered":"https:\/\/forklog.com\/en\/cboe-proposes-rule-change-for-ark-21shares-btc-etf-and-eth-etf\/"},"modified":"2025-01-28T13:11:00","modified_gmt":"2025-01-28T11:11:00","slug":"cboe-proposes-rule-change-for-ark-21shares-btc-etf-and-eth-etf","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cboe-proposes-rule-change-for-ark-21shares-btc-etf-and-eth-etf\/","title":{"rendered":"CBOE Proposes Rule Change for ARK 21Shares BTC-ETF and ETH-ETF"},"content":{"rendered":"<p>The Chicago Board Options Exchange (CBOE), on behalf of ARK Invest and 21Shares, has submitted a proposal to amend the structure of the ARK 21Shares Bitcoin ETF (ARKB) and 21Shares Core Ethereum ETF (CETH) to allow for in-kind asset redemption.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Cboe files 19b-4 to permit in-kind creations &#038; redemption on BOTH the ARK 21Shares Bitcoin ETF &#038; 21Shares Core *Ethereum* ETF\u2026 <a href=\"https:\/\/t.co\/lQklURfNbU\">pic.twitter.com\/lQklURfNbU<\/a><\/p>\n<p>\u2014 Nate Geraci (@NateGeraci) <a href=\"https:\/\/twitter.com\/NateGeraci\/status\/1883990267033968767?ref_src=twsrc%5Etfw\">January 27, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Currently, all similar products only allow for cash redemption. In other words, investors will be able to redeem directly (in-kind) in the underlying asset. <\/p>\n<p>At present, redeeming fund shares requires selling coins and returning cash. The new approach would eliminate such operations, making the process more convenient and efficient.  <\/p>\n<p>According to Bloomberg analyst James Seyffart, the adoption of the proposal <a href=\"https:\/\/x.com\/JSeyff\/status\/1882909249292181913\">would enhance the appeal<\/a> of crypto ETFs for market participants.<\/p>\n<p>The total assets under management for ARKB amount to <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\">$5.1 billion<\/a>, and for CETH <em>\u2014<\/em> <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-eth-spot\">$16.8 million<\/a>, according to <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\">SoSoValue<\/a>. <\/p>\n<p>Previously, BlackRock CEO Larry Fink <a href=\"https:\/\/forklog.com\/en\/news\/blackrock-ceo-outlines-condition-for-bitcoin-to-reach-700000\">outlined a condition<\/a> under which Bitcoin could reach $700,000.<\/p>\n<p>Earlier in January, the Nasdaq exchange submitted a similar proposal regarding rule changes for BTC-ETF on behalf of this investment giant.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Chicago Board Options Exchange (CBOE), on behalf of ARK Invest and 21Shares, has submitted a proposal to amend the structure of the ARK 21Shares Bitcoin ETF (ARKB) and 21Shares Core Ethereum ETF (CETH) to allow for in-kind asset redemption. Cboe files 19b-4 to permit in-kind creations &#038; redemption on BOTH the ARK 21Shares Bitcoin [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1372,1218,712,569,36,128],"class_list":["post-20702","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-21shares","tag-ark-invest","tag-cboe","tag-etf","tag-regulation","tag-sec"],"aioseo_notices":[],"amp_enabled":true,"views":"32","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=20702"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20702\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/20701"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=20702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=20702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=20702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}