17 Mar 2025
📈SEC Extends Period for NYSE Arca's Grayscale Cardano Trust Rule Change
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 2, To List and Trade Shares of the Grayscale Cardano Trust (ADA) Under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares)
Summary
The Securities and Exchange Commission has issued a notice regarding the NYSE Arca's proposed rule change to list and trade shares of the Grayscale Cardano Trust. The Commission is extending the review period to May 29, 2025, allowing more time to consider the implications raised by the proposal and associated amendments.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document outlines a proposed rule change related to the trading of shares in the Grayscale Cardano Trust. Approval of this rule could impact trading practices and investment opportunities in cryptocurrency-related assets, affecting business owners and executives in financial and trading sectors.