29 May 2025
📈SEC Considers Listing Shares of Canary XRP Trust on Cboe BZX
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 Canary XRP Trust Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Summary
The Securities and Exchange Commission is evaluating a proposed rule change to allow the listing and trading of shares of the Canary XRP Trust. This proposal aims to track the performance of the digital asset XRP, raising various legal and policy considerations regarding investor protection and market integrity. Public comments are encouraged as part of the review process.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document outlines proposed regulations for listing and trading shares of the Canary XRP Trust, impacting businesses involved in cryptocurrency investments and exchanges, necessitating compliance with SEC rules. Failing to understand these changes may affect business operations and investor confidence.