Cboe Global Markets has formally requested approval from the United States Securities and Exchange Commission (SEC) for a rule modification that would enable the combination of exchange-traded funds (ETFs) and mutual funds. In a report by Reuters on April 4, it was disclosed that Cboe submitted a 19b-4 form, seeking permission to introduce an ETF share class to existing mutual funds. This move aims to establish a multi-share class fund structure, enabling issuers to merge and offer similar mutual funds and ETFs under one investment vehicle. Todd Sohn, an ETF analyst at Strategas LLC, emphasized to Reuters that if the