The U.S. Securities and Exchange Commission is considering a proposal to allow bitcoin- and ether-based exchange-traded funds to conduct creation and redemption of shares using cryptocurrency directly rather than cash. This approach could improve the tax efficiency and attractiveness of these ETFs to institutional investors. Previously, the exchange Cboe Exchange filed a related application regarding a number of funds. Bitcoin quotes remain in a narrow range, however, on Wednesday, after the publication of the consumer price index in the U.S. and against the background of the speech of the head of the Fed Chairman Jerome Powell may increase the volatility of the dollar relative to other assets, including bitcoin. assets, including bitcoin.