Cboe Sees ‘Need to Move Quickly’ in Crypto Following Exchange Acquisition
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ErisX, operator of crypto spot market, futures exchange and clearinghouse, to be rebranded as Cboe Digital Cboe is uniquely positioned to offer basis trading and exchange for physical transactions…
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Key Highlights The U.S. Securities and Exchange Commission (SEC) made Cboe BZX Exchange’s rule change effective, establishing general listing criteria for options on commodity-based trusts holding multiple crypto assets. Each crypto asset held by a qualifying trust must have an average daily global market value of at least $700 million…
AI SummaryShowCboe seeks SEC approval for six 3x leveraged ETFs, including Bitcoin and Ether funds, using futures contracts for exposure, not directly holding assets.Proposed funds will reset exposure daily, primarily using CME futures, and operate as registered commodity pools under regulatory oversight, with daily net asset value calculations.SEC review is…