23 May 2025
📈Cboe BZX Exchange Proposal for Bitwise Solana ETF Trading
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 the Bitwise Solana ETF Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Summary
The Securities and Exchange Commission is evaluating a proposed rule change by Cboe BZX Exchange to list and trade shares of the Bitwise Solana ETF. This proposed listing seeks to track the performance of Solana, a digital asset, and is currently open for public comment, raising various regulatory and market integrity concerns.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document discusses the proposed rule change for listing and trading Bitwise Solana ETF shares. This entails potential compliance and regulatory requirements impacting businesses involved in cryptocurrency and exchange-traded funds. The approval process may dictate investment strategies and operational frameworks for market participants.