21 Aug 2025
📈Nasdaq's Proposed Rule Change for CoinShares Litecoin ETF
Self-Regulatory Organizations; Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of the CoinShares Litecoin ETF Under Nasdaq Rule 5711(d) (Commodity Based Trust Shares)
Summary
The SEC has designated a longer period to review the proposed rule change for the listing and trading of CoinShares Litecoin ETF shares under Nasdaq Rule 5711(d). This process is part of the Commission's efforts to ensure thorough consideration of the proposed trading specifications and regulatory implications before the final decision is made.
Agencies
- Securities and Exchange Commission
Business Impact
The document discusses a proposed rule change for the listing and trading of the CoinShares Litecoin ETF, indicating regulatory scrutiny that could affect market participants and investors. Business owners in the financial sector must stay informed about potential changes that may impact trading operations or investment opportunities.