9 Apr 2025
📈Cboe BZX Exchange Proposes Rule Change for Fidelity Solana Fund
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 Fidelity Solana Fund, Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Summary
The Securities and Exchange Commission published a notice regarding Cboe BZX Exchange's proposed rule change to list and trade shares of the Fidelity Solana Fund. The proposed change aims to enhance investor access to digital asset trading through a regulated exchange while ensuring market integrity and compliance with existing regulations.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The document discusses a proposed rule change that allows for the listing and trading of shares of the Fidelity Solana Fund. It outlines compliance and regulatory requirements that business owners involved in securities and commodity-based trust shares need to be aware of, highlighting the potential for investor protection and market integrity.