19 Aug 2025
📈Analysis of SEC Notice for Bitwise Solana ETF 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 Bitwise Solana ETF Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Summary
The SEC has published a notice regarding a proposed rule change from Cboe BZX Exchange to list Bitwise Solana ETF shares, allowing for public comments and a designated timeline for review. The commission may extend the decision period to ensure thorough consideration of the proposal and its implications for market participants.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice relates to a proposed rule change by Cboe BZX Exchange to list and trade Bitwise Solana ETF shares, impacting investment strategies and market activity. Businesses involved in trading or investment may need to prepare for regulatory compliance and market changes depending on the approval status of this ETF.