21 Aug 2025
📈SEC Notice on CoinShares XRP ETF Listing Review Extension
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 XRP ETF Under Nasdaq Rule 5711(d) (Commodity Based Trust Shares)
Summary
The SEC issued a notice regarding the proposed rule change by Nasdaq to list and trade shares of the CoinShares XRP ETF. This follows the agency's decision to extend the review period for that proposal, allowing more time for consideration of related issues before a final decision is made.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The document outlines the extension of the review process for the CoinShares XRP ETF listing, impacting market dynamics for cryptocurrency and related investment opportunities. Business owners and executives in the finance and investment sectors should monitor this development for its potential influence on financial products and trading strategies.