17 Mar 2025
📈SEC Extends Review Period for Grayscale XRP 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 XRP Trust Under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares)
Summary
The SEC has published a notice regarding a proposed rule change by NYSE Arca to list shares of the Grayscale XRP Trust. This notice includes an amendment and extends the review period, allowing more time for consideration of the proposal and the issues raised by it. The proposed changes indicate a significant development in the cryptocurrency investment space.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice concerns a proposed change in listing and trading shares of the Grayscale XRP Trust on NYSE Arca, which could open new investment avenues for businesses dealing in cryptocurrency and financial services. It emphasizes regulatory processes that affect compliance and operational strategies.