SEC Review Underway for Cboe’s In-Kind Crypto ETF Filings

• The SEC has acknowledged an amendment for Cboe’s 19b-4 filing.
• Cboe’s filing will allow in-kind creations and redemptions on BTC and ETH ETF.
• Analysts believe the SEC will approve several ETF applications this year.

The US Securities and Exchange Commission (SEC) has acknowledged an amendment for Cboe’s 19b-4 filing to allow in-kind creations and redemptions on Ark’s 21Shares Bitcoin and Core Ethereum ETF. 

In its public statement on Monday, February 10, the Commission let it be known that it received a modified amendment of the proposed rule change from the Cboe BZX exchange, and is now asking for public feedback on the subject.

Bybit Exec: SEC Move a “Win” for Crypto

Bybit exchange’s co-founder Ben Zhou considers the latest move by the SEC a positive development for the crypto industry. In his latest post on X about the matter, Zhou stated that the amended rule, if passed, will allow users to swap BTC or ETH to ETF directly, avoiding the need to use fiat as an intermediary channel.

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