17 Mar 2025
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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 Canary Solana Trust Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Summary
The Securities and Exchange Commission has designated a longer review period for Cboe BZX Exchange's proposed rule change allowing the listing and trading of shares in the Canary Solana Trust under existing regulations for commodity-based trust shares. This action provides the Commission with additional time to assess the proposed changes and relevant public comments.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The SEC's notice involves the proposed rule change by Cboe BZX to list and trade shares of the Canary Solana Trust, indicating potential new investment opportunities and regulatory compliance matters for businesses in the financial sector. The extension of the decision period could affect strategic planning for entities involved in commodity-based investments.