5 May 2025
📈Cboe BZX Proposed Rule Change for Franklin XRP Fund
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 Franklin XRP Fund Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Summary
The Cboe BZX Exchange has filed a proposed rule change to list and trade shares of the Franklin XRP Fund under the Commodity-Based Trust Shares regulation. The SEC has designated a longer review period, allowing more time to assess the implications of this proposal and gather feedback. The outcome will have notable impacts on cryptocurrency investment trading practices.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change regarding the Franklin XRP Fund is significant as it relates to regulatory compliance and the listing of a new commodity-based trust share. Business owners and executives in the finance and investment sectors should monitor this development, as it could affect trading practices and market strategies.