15 Sep 2025
📈SEC Notice on Franklin XRP ETF Trading Proposal Action
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 Franklin XRP ETF Under BZX Rule 14.11(e)(4) (Commodity-Based Trust Shares)
Summary
The SEC has announced a longer review period for Cboe BZX Exchange's proposed rule change to list and trade shares of the Franklin XRP ETF. This notice indicates ongoing regulatory processes and considerations that may impact financial markets and trading strategies.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The notice involves a proposed rule change regarding the listing and trading of an ETF, which could impact investment opportunities and compliance for businesses involved in trading or managing such assets. The extended review period indicates ongoing regulatory considerations that businesses must navigate.