SEC Notice: Cboe BZX Exchange Transitions ARK 21Shares Bitcoin ETF to Generic Listing Standards
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On March 25, 2026, Cboe BZX Exchange filed a proposed rule change with the SEC (File No. SR-CboeBZX-2026-020) to transition the ARK 21Shares Bitcoin ETF from its original individual approval order — the Bitcoin ETP Approval Order of January 10, 2024 — to newly established generic listing standards for Commodity-Based Trust Shares under amended BZX Rule 14.11(e)(4). These generic standards were approved by the SEC on September 17, 2025. The change is procedural in nature: the Fund will continue to list and trade on BZX, but will now operate under standardized, broadly applicable rules rather than the bespoke conditions of its original approval order. The Exchange believes this transition removes unnecessary regulatory friction and promotes a more competitive, open market environment for Bitcoin ETPs. Because the proposed change does not significantly affect investor protections, does not impose a meaningful burden on competition, and does not raise novel regulatory issues, the SEC waived the standard 30-day operative delay, making the rule change effective immediately upon filing. The Commission retains authority to summarily suspend the change within 60 days if it determines such action is in the public interest. Public comments are invited through April 23, 2026, via the SEC's online portal or by mail, referencing file number SR-CboeBZX-2026-020.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- ARK 21Shares Bitcoin ETF transitions from individual Bitcoin ETP Approval Order (January 10, 2024) to generic listing standards under amended BZX Rule 14.11(e)(4), effective immediately upon filing (March 25, 2026)
- Fund must now comply with continued listing requirements of Amended Rule 14.11(e)(4) instead of the bespoke conditions of the original approval order
- SEC waived the standard 30-day operative delay, making the rule change operative immediately upon filing
+ 3 more changes with Pro
Obligations
What this law requires
ARK 21Shares Bitcoin ETF must comply with the continued listing requirements set forth in amended BZX Rule 14.11(e)(4) for Commodity-Based Trust Shares
Cboe BZX Exchange must transition the ARK 21Shares Bitcoin ETF from the Bitcoin ETP Approval Order (January 10, 2024) to operation under generic listing standards in amended Rule 14.11(e)(4)
SEC retains authority to summarily suspend the rule change within 60 days of filing (March 25, 2026) if the Commission determines such action is necessary or appropriate in the public interest
Interested persons may submit public comments on the proposed rule change through April 23, 2026, via SEC online portal or mail, referencing file number SR-CboeBZX-2026-020
ARK 21Shares Bitcoin ETF Fund Shares must continue to list and trade on Cboe BZX Exchange in compliance with the generic listing standards rather than the original bespoke approval order conditions