17 Mar 2025
📈SEC Extends Review Period for 21Shares Core Solana ETF Listing
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Shares of the 21Shares Core Solana ETF Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Summary
The SEC has announced a longer review period for Cboe BZX's proposed rule change to list and trade shares of the 21Shares Core Solana ETF. Initially filed on January 28, 2025, this extension allows additional time for consideration of the proposal and related issues before a decision is made by May 19, 2025.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The text outlines a proposed rule change for listing and trading shares of the 21Shares Core Solana ETF, prompting potential adjustments in compliance and investment strategies for businesses. The SEC’s decision to extend the review period implies business owners and executives should monitor the outcome closely, as it may impact investment opportunities in cryptocurrency-related financial products.