21 Aug 2025
📈SEC's Proposed Rule for 21Shares Core XRP Trust Trading
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, as Modified by Amendment No. 1, To List and Trade Shares of the 21Shares Core XRP Trust Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Summary
The SEC has extended the period for considering a proposed rule change from the Cboe BZX Exchange to list and trade shares of the 21Shares Core XRP Trust. Initially filed in February 2025, the Commission is evaluating the implications of this change and will make a decision by October 2025.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document pertains to a proposed rule change for listing and trading shares of the 21Shares Core XRP Trust, which impacts financial markets and businesses involved in cryptocurrency investments. The extended review period by the SEC affects decision-making processes for businesses in the exchange and trading sectors.