Cboe Streamlines Franklin Ethereum ETF Trading Rules
Published Date: 4/20/2026
Notice
Summary
The Cboe BZX Exchange is updating the Franklin Ethereum ETF so it can be listed and traded using simpler, standard rules. This change affects investors who buy or sell shares of this crypto-focused fund and aims to make trading smoother and more flexible starting right away. No new fees or costs are expected, just a quicker, easier way to trade the ETF.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
ETF switches to generic listing standards
You (if you buy or sell shares of the Franklin Ethereum ETF) will see the fund operate under the generic listing standards in Amended Rule 14.11(e)(4) instead of its prior approval order. The change is intended to let the Fund meet and follow the continued listing requirements of Amended Rule 14.11(e)(4) and to facilitate continued listing and trading.
Change effective immediately upon filing
The Commission designated the proposed rule change to be operative upon filing, so the Fund may list and trade under Amended Rule 14.11(e)(4) immediately after the Exchange filed on April 6, 2026. The Exchange had asked the Commission to waive the normal 30-day operative delay so the transition could occur right away.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-07651 — Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026, because changes could affect how audits are done and funded.
2026-09742 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fees Schedule To Adopt a New Fee Code for Market-Maker Complex Orders Executed on the Complex Order Book That Add Liquidity in Penny Program Securities and To Amend Its Orders Submitted With a Designated Give Up Program
Starting May 1, 2026, Cboe BZX Exchange is updating its fees to add a new code for Market-Maker Complex orders that add liquidity in penny stocks. They’re also tweaking rules for orders using a special Give Up program. These changes mainly affect market makers and traders using complex orders, aiming to make fees clearer and trading smoother.
2026-09745 — Self-Regulatory Organizations; MEMX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Establish Fees for Industry Members Related to Reasonably Budgeted CAT Costs of the National Market System Plan Governing the Consolidated Audit Trail for May 1, 2026 Through December 31, 2026
Starting May 1, 2026, MEMX is charging industry members a tiny fee of $0.000001 per share to help cover the costs of the Consolidated Audit Trail (CAT) system through the end of the year. This fee supports tracking stock trades better and will show up on invoices starting June 2026. If you’re a broker or part of the trading world, get ready to chip in for smoother market oversight!
2026-09728 — Self-Regulatory Organizations; MEMX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Establish Fees for Industry Members Related to Certain Historical Costs of the National Market System Plan Concerning the Consolidated Audit Trail
MEMX is setting new fees for industry members to cover leftover historical costs from the National Market System’s Consolidated Audit Trail, which tracks stock trades. These fees, called Historical CAT Assessment 1A, will collect about $39 million that wasn’t billed before. The change is effective immediately, so affected members should get ready to pay soon!
2026-09736 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish Fees Related to Certain Historical Costs of the National Market System Plan Governing the Consolidated Audit Trail
Nasdaq PHLX is setting new fees for industry members to cover leftover historical costs from the National Market System Plan for the Consolidated Audit Trail. These fees, called Historical CAT Assessment 1A, will collect about $39 million for costs before 2022 that weren’t billed before. The fees start right away and will be charged per share traded, helping keep the audit trail running smoothly.
2026-09734 — Self-Regulatory Organizations; Nasdaq Texas, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish Fees Related to Certain Historical Costs of the National Market System Plan Governing the Consolidated Audit Trail
Nasdaq Texas is setting new fees to cover leftover historical costs from the National Market System Plan for the Consolidated Audit Trail. Industry members who trade on the exchange will pay these fees starting soon to help cover about $39 million in past expenses not yet billed. This update keeps the system fair and funded without surprises!
Previous / Next Documents
Previous: 2026-07596 — Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Amend Its Rules Related to Binary Options
Cboe Exchange is updating its rules for binary options, which are special bets that pay out all or nothing based on a simple yes-or-no outcome. These changes affect traders using Cboe’s platform and aim to make trading clearer and fairer. The new rules could start soon and might impact how much money traders can win or lose.
Next: 2026-07598 — The RBB Fund Trust and Opal Capital LLC
The RBB Fund Trust and Opal Capital LLC want permission to change their subadvisory agreements and fees without asking shareholders every time. This means they can act faster and keep some fee details private. If no one asks for a hearing by May 11, 2026, the SEC will approve these changes.