23 May 2025
📈SEC Extends Review Period for Fidelity Solana Fund Trading Proposal
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 Fidelity Solana Fund, Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Summary
The SEC announces a longer review period for Cboe BZX's proposal to list and trade shares of the Fidelity Solana Fund. The extension allows the Commission additional time to evaluate the proposed rule change and the associated issues before making a final decision.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice involves a proposed rule change by Cboe BZX Exchange for the listing and trading of a commodity-based trust share, which directly impacts investment options and regulatory compliance for businesses in financial markets. The extension of the approval period indicates ongoing regulatory considerations, which may influence market strategies.