Market
What will be the approval status of Nasdaq and Cboe's in-kind redemption proposals by June 30, 2025?
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Resolution / Starting Odds
Both Approved • 25%
Only Nasdaq Approved • 25%
Only Cboe Approved • 25%
Neither Approved • 25%
Official SEC announcements and filings
Story
Nasdaq and Cboe Seek In-Kind Redemptions for BlackRock's IBIT, ARK 21Shares, and 21Shares Core ETFs
Jan 27, 2025, 10:11 PM
Nasdaq and Cboe have filed proposals with the U.S. Securities and Exchange Commission (SEC) to allow in-kind creations and redemptions for spot Bitcoin and Ethereum exchange-traded funds (ETFs). Nasdaq's filing specifically targets BlackRock's iShares Bitcoin ETF (IBIT), aiming to enable institutional investors to redeem ETF shares directly for Bitcoin instead of cash. Similarly, Cboe's filing seeks to amend rules for the ARK 21Shares Bitcoin ETF and the 21Shares Core Ethereum ETF to facilitate in-kind transactions. These moves are seen as significant steps towards enhancing the operational efficiency and attractiveness of crypto ETFs to institutional investors.
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Similar markets
No • 50%
Yes • 50%
Only Nasdaq Approved • 33%
Both Approved • 33%
Only NYSE Approved • 33%
Neither Approved • 33%
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State Street • 25%
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