17 Mar 2025
📈SEC Extends Review for Grayscale Litecoin Trust Listing Proposal
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. 1, To List and Trade Shares of the Grayscale Litecoin Trust Under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares)
Summary
The Securities and Exchange Commission is reviewing a proposed rule change by NYSE Arca to list and trade shares of the Grayscale Litecoin Trust. This notice indicates an extended timeline for the SEC to consider the proposed amendment, allowing for thorough assessment of the implications for investment and regulatory landscapes.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The SEC is reviewing a proposed rule change to list the Grayscale Litecoin Trust on NYSE Arca, impacting compliance and regulatory considerations for businesses involved with cryptocurrencies and investment products. The extended review period allows for deeper scrutiny of the proposal, which could shape the market for commodity-based trusts.