💹SEC Regulatory Notice on Osprey Bitcoin Trust Trading Proposal
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Shares of the Osprey Bitcoin Trust Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Summary
The SEC has initiated proceedings to evaluate a proposed rule change by Cboe BZX Exchange for listing and trading shares of the Osprey Bitcoin Trust. This involves assessing the proposed Trust's compliance with existing regulations and soliciting public comments to inform the decision-making process. Stakeholders are encouraged to provide written feedback regarding potential issues and the implications of this proposal on market integrity.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory notice discusses a proposed rule change by Cboe BZX Exchange to list and trade shares of the Osprey Bitcoin Trust, which can impact market dynamics and regulatory compliance for cryptocurrency-related businesses. The request for public comments indicates active engagement potential for stakeholders.