17 Mar 2025
💰SEC Notice on Proposed Rule Change for Bitwise XRP 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 Bitwise XRP ETF Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Summary
The SEC has designated a longer period to review a proposed rule change by Cboe BZX Exchange to list shares of the Bitwise XRP ETF. This extension allows the SEC ample time to consider the complexities and implications related to cryptocurrencies and investment regulations before making a final decision.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document involves a proposed rule change regarding the listing and trading of a cryptocurrency ETF, potentially affecting market regulations and compliance for businesses involved in trading or investment. This regulatory action can impact business operations and investment strategies related to cryptocurrency shares.