According to Foresight News, the Chicago Board Options Exchange (CBOE) has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to amend the rules for listing and trading the Franklin Bitcoin ETF on its exchange. The proposed changes aim to adjust the time at which purchase orders for the cash trading creation basket must be submitted. The proposal is being made under BZX Rule 14.11(E)(4), but specific details have not yet been disclosed. This move could potentially affect the timing of ETF purchases by traders.
The exchange believes that the proposed rule changes are intended to eliminate obstacles and improve the mechanisms of a free and open market. Overall, it aims to protect investors and the public interest. The exchange also believes that these changes will not impose any burden on competition.
