20 May 2025
📈SEC Announces Extended Review of Osprey Bitcoin Trust Listing
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 Osprey Bitcoin Trust Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Summary
The SEC has announced an extension for reviewing the proposed rule change to list and trade shares of the Osprey Bitcoin Trust, providing additional time for consideration of regulatory and market implications associated with cryptocurrency investment strategies. The decision will affect how businesses engage with commodity-based trust shares in the evolving financial landscape.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document involves a proposed rule change to list and trade shares of the Osprey Bitcoin Trust, impacting how businesses can engage with cryptocurrency assets. It indicates regulatory considerations and timelines that could influence business strategies in the financial market.