2025-07699Notice

SEC Takes Extra Time to Mull Bitcoin and Ethereum ETF Trading Upgrades

Published Date: 5/5/2025

Notice

Summary

The SEC is taking extra time to review a rule change that would let the Invesco Galaxy Bitcoin and Ethereum ETFs allow in-kind creations and redemptions. This change affects investors and fund managers by potentially making trading smoother and more cost-efficient. The SEC now plans to decide by June 16, 2025, giving everyone a bit more time to weigh in.

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

Decision Delayed on In-Kind ETF Changes

The SEC extended the review period and will decide by June 16, 2025 whether to allow the Invesco Galaxy Bitcoin ETF and the Invesco Galaxy Ethereum ETF to permit in-kind creations and redemptions. The Exchange filed the proposal on March 10, 2025 and the original 45-day review period was extended past May 2, 2025 to June 16, 2025.

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Key Dates

Published Date
Effective Date
5/5/2025
6/16/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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