15 Sep 2025
📈SEC Extends Review for Franklin Solana ETF Rule Change
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 Solana ETF Under BZX Rule 14.11(e)(4) (Commodity-Based Trust Shares)
Summary
The Securities and Exchange Commission (SEC) has designated a longer period to consider a proposed rule change for the listing and trading of Franklin Solana ETF shares by Cboe BZX Exchange. The extended timeline allows the SEC more time to review comments and relevant issues before making a final decision.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document pertains to a proposed rule change for listing and trading shares of the Franklin Solana ETF, which has implications for businesses seeking to offer or invest in commodity-based trusts. The extended review period indicates that time-sensitive business decisions may be affected while the SEC assesses the proposal.