📈Cboe BZX Exchange Proposed Rule Change for 21Shares Core Solana ETF
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To List and Trade Shares of the 21Shares Core Solana ETF Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Summary
The Cboe BZX Exchange filed a notice for the proposed rule change to list and trade the 21Shares Core Solana ETF, aiming to regulate trading of SOL through a transparent platform. The proposal addresses compliance, investor protection, and market surveillance while offering investors a new channel for cryptocurrency investments.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The regulatory text discusses a proposed rule to list and trade the 21Shares Core Solana ETF, which introduces new financial products for investment, specifically in the cryptocurrency space. This impacts market participants by providing more options for trading SOL through a regulated environment, addressing investor protection concerns, and potentially influencing operational compliance needs for businesses involved in cryptocurrency trading.