18 Feb 2025
📈SEC Notice for Proposed VanEck Solana Trust Trading Rule Change
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To List and Trade Shares of the VanEck Solana Trust, Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Summary
The SEC announces a proposed rule change allowing the Cboe BZX Exchange to list and trade shares of the VanEck Solana Trust under Commodity-Based Trust Shares. This initiative aims to enhance investor protection and improve market access for Solana, a decentralized digital asset, while ensuring compliance with existing regulations.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change to list and trade shares of the VanEck Solana Trust under BZX Rule 14.11(e)(4) includes regulatory requirements and investor protection measures. This will directly impact business owners in the trading and asset management sectors by providing a regulated trading vehicle for digital assets, enhancing transparency and competition.