📈SEC Considers Proposed Rule for Franklin Solana ETF Listing
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of Franklin Solana ETF Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Summary
The SEC has initiated proceedings to evaluate a proposed rule change from Cboe BZX Exchange to list and trade shares of the Franklin Solana ETF. This includes an analysis of compliance and investor protection implications, as the ETF seeks to reflect the performance of the Solana digital asset, SOL. Stakeholder comments are invited to address various regulatory concerns.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
This text outlines the SEC's proceedings regarding a proposed rule change by Cboe BZX Exchange to list a new ETF based on Solana (SOL). Business executives and owners need to consider compliance implications with SEC regulations, potential impacts on market integrity, and investor protections. The mention of public comments suggests stakeholder engagement, which could influence market reception and operational readiness.