21 Feb 2025
📈Proposed Rule Change for 21Shares Core XRP Trust Listing
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of 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 published a notice regarding Cboe BZX Exchange's proposed rule change to list and trade shares of the 21Shares Core XRP Trust. This proposal seeks to clarify aspects of the Trust’s operations, investor protections, and compliance with SEC regulations, thereby expanding investment options for cryptocurrency.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The document discusses a proposed rule change that allows for the listing and trading of the 21Shares Core XRP Trust under SEC regulations. This impacts investment strategies and compliance for business owners involved in cryptocurrency investments or products, as it expands available investment options regulated by the SEC.