17 Mar 2025
📈SEC Notice on Cboe BZX Exchange’s VanEck Solana Trust Proposal
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 VanEck Solana Trust Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Summary
The SEC issued a notice regarding a proposed rule change by Cboe BZX Exchange for the listing and trading of the VanEck Solana Trust, a commodity-based trust. The commission has extended the review period to allow for further consideration of the proposal and associated issues. This development highlights the regulatory landscape for cryptocurrency investment vehicles.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice involves a proposed rule change for the listing and trading of the VanEck Solana Trust, which directly impacts financial market operations and regulatory compliance for businesses involved in crypto finance. The extended review period may affect strategic planning for businesses anticipating participation in this market.