23 May 2025
📈Cboe BZX Proposes 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 the 21Shares Core Solana ETF Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Summary
The SEC is considering the proposed rule change from Cboe BZX to list and trade shares of the 21Shares Core Solana ETF. The Trust aims to track the performance of SOL digital assets, with proceedings started for public analysis and feedback on the proposal's compliance with key regulations.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change for listing the 21Shares Core Solana ETF suggests a new financial product linked to a digital asset (SOL), directly affecting investment strategies and marketplace dynamics. Executives and business owners may consider the implications for trade, regulation compliance, and investor demand.