17 Jun 2025
📈Proposed Rule Change for Grayscale Hedera Trust Trading on Nasdaq
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 Grayscale Hedera Trust (HBAR) Under Nasdaq Rule 5711(d) (Commodity Based Trust Shares)
Summary
The SEC has opened proceedings to evaluate the proposed rule change allowing the Nasdaq Stock Market to list and trade shares of the Grayscale Hedera Trust (HBAR). This process invites public comments and analyses regarding the initiative's compliance with regulatory standards, particularly concerning preventing fraud and protecting investors' interests.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change to list and trade shares of the Grayscale Hedera Trust (HBAR) under Nasdaq Rule 5711(d) has direct implications for businesses involved in cryptocurrency and investment sectors, specifically regarding compliance and regulatory requirements related to digital assets and securities.