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Cboe Global Markets filed a request with the SEC for regulatory approval to change its rules and allow issuers to add an exchange-traded fund (ETF) share class to existing mutual funds, the exchange said on Thursday.
What Hindalco intends to do with the proceeds is still unknown. There are no details beyond the fact that the IPO proceeds will benefit AV, with no direct financial impact on Novelis's balance sheet
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Cryptocurrencies, including Bitcoin, reported gains today amid speculation regarding the SEC approving the first exchange-traded fund for Bitcoin.