17 Mar 2025
📈SEC Extends Review Period for 21Shares Core XRP Trust Trading
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Shares of the 21Shares Core XRP Trust Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Summary
The Securities and Exchange Commission has announced an extended timeframe for decision-making on the proposed rule change by Cboe BZX Exchange to list and trade shares of the 21Shares Core XRP Trust. This extension is intended to provide sufficient time for consideration of the proposed modifications and associated issues.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The SEC's notice regarding the proposed rule change to list and trade shares of the 21Shares Core XRP Trust indicates ongoing regulatory scrutiny that can affect trading activities and compliance requirements for stakeholders in the cryptocurrency sector. The extended review period suggests potential implications for market readiness and investor engagement.