24 Feb 2025
📈SEC Notice on Bitwise XRP ETF Proposed Rule Change
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To List and Trade Shares of the Bitwise XRP ETF Under BZX Rule 14.11(e)(4) (Commodity-Based Trust Shares)
Summary
The SEC has published a notice regarding the proposed rule change by the Cboe BZX Exchange to list and trade Bitwise XRP ETF shares. This move aims to enhance market transparency and investor protection while complying with existing regulatory frameworks for cryptocurrency investment vehicles, addressing various operational and compliance aspects of trading XRP.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The SEC's notice on the proposed rule change for the Bitwise XRP ETF indicates regulatory frameworks that business owners and financial executives must comply with, especially regarding cryptocurrency activities and investment vehicles. It also hints at compliance and operational practices that businesses in the crypto sector must adopt.