19 Aug 2025
📈SEC Extends Decision on VanEck Solana Trust Listing
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of VanEck Solana Trust Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Summary
The SEC has designated a longer period for action regarding the proposed rule change to list and trade shares of the VanEck Solana Trust on the Cboe BZX Exchange. This extension allows the Commission to adequately consider the associated issues and comments received during the review process.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory text discusses the SEC's extended timeline for deciding on the proposed rule change to list and trade shares of the VanEck Solana Trust. This decision may influence business operations for firms involved in trading commodity-based trust shares, potentially affecting investment strategies.