21 Aug 2025
📈SEC Notice on Proposed Rule Change for Truth Social ETF
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Shares of the Truth Social Bitcoin and Ethereum ETF, B.T. Under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares)
Summary
The SEC has announced the extension of the review period for NYSE Arca's proposed rule change to list and trade shares of the Truth Social Bitcoin and Ethereum ETF. This decision allows more time for consideration of the rule and the issues raised, highlighting the evolving landscape of cryptocurrency investment.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice involves a proposed rule change by NYSE Arca to list and trade a cryptocurrency ETF, which has significant implications for businesses in the financial and investment sectors, impacting regulatory compliance and market activities.