29 May 2025
📈SEC Proceedings on CoinShares XRP ETF Listing and Trade Approval
Self-Regulatory Organizations; Nasdaq Stock Market LLC; Order Instituting 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 Securities and Exchange Commission initiates proceedings to consider the approval of a proposed rule change by Nasdaq to list and trade shares of the CoinShares XRP ETF. This proceeding addresses the implications and concerns related to the cryptocurrency market, particularly focusing on the use of XRP and the necessary compliance with securities regulations.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document involves a regulatory proceeding regarding the approval or disapproval of a proposed rule change to list and trade a new ETF, which could have significant financial implications for investors and business owners engaged in the cryptocurrency market. The outcome may influence investment strategies and compliance requirements.