Cboe Files for 19b-4 to Allow ARK Bitcoin and Ethereum ETF in-kind Creation and Redemption

BlockBeats News, January 28th, according to Cointelegraph, Cboe has filed a 19b-4 application with the U.S. SEC, seeking approval to allow ARK's 21Shares Bitcoin ETF and 21Shares Core Ethereum ETF for in-kind creations and redemptions.

BlockBeats Note: When the Bitcoin spot ETF and Ethereum spot ETF are approved, they will only allow creations or redemptions to be done via cash, meaning settlement will only be in cash for buying and selling.