14 Jul 2025
📈SEC Extends Decision Period for Proposed Canary Staked TRX ETF Rule Change
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 Canary Staked TRX ETF Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Summary
The SEC has announced an extended period for reviewing the proposed rule change by Cboe BZX Exchange to list and trade shares of the Canary Staked TRX ETF. This extension allows for further consideration of the implications and any issues raised in the proposal, impacting stakeholders in the financial markets.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice from the SEC about the proposed rule change for the Canary Staked TRX ETF has direct implications for businesses involved in securities trading and fund management. The extension of the decision period may affect market dynamics and investment strategies.