28 Aug 2025
📈SEC Extends Review Period for Canary PENGU ETF Trading Proposal
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 2, To List and Trade Shares of the Canary PENGU ETF Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Summary
The SEC has designated a longer review period for the proposed rule change concerning the Canary PENGU ETF, allowing additional time to consider its implications. This follows multiple amendments to the initial filing by Cboe BZX Exchange, emphasizing the regulatory diligence surrounding the listing and trading of commodity-based trust shares.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document discusses the proposed rule change for listing the Canary PENGU ETF, which is relevant for businesses involved in trading and investment. The extension of the review period indicates ongoing regulatory scrutiny that may affect trading strategies and compliance for financial entities.