21 Jan 2025
📈Regulatory Update
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Shares of the Bitwise 10 Crypto Index Fund Under Proposed NYSE Arca Rule 8.800-E (Commodity- and/or Digital Asset-Based Investment Interests)
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory text indicates a proposed rule change by NYSE Arca for the listing and trading of cryptocurrency-based funds. This has direct implications for business owners and executives involved in crypto investments or financial services, as it affects compliance and market opportunities. The extended review period signifies a regulatory environment that could influence investment strategies.