18 Feb 2025
🪙Bitwise Solana ETF
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To List and Trade Shares of the Bitwise Solana ETF Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Summary
The SEC has published a notice regarding the proposed rule change to list and trade shares of the Bitwise Solana ETF under BZX Rule 14.11(e)(4), addressing regulatory compliance and investor protection issues associated with cryptocurrency trading on national exchanges. This development highlights the evolving landscape of digital asset regulation and market access.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change for the Bitwise Solana ETF involves regulatory compliance for listing and trading of crypto-based securities, impacting business owners and executives involved in digital assets. This indicates a growing acceptance and regulatory framework for cryptocurrencies, which could influence investment strategies and market dynamics.