21 Aug 2025
📈SEC Extends Review on Grayscale XRP Trust Listing Proposal
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove 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 issued a notice regarding the proposed rule change for the Grayscale XRP Trust's listing on NYSE Arca. The notice outlines the Commission's decision to extend the review period for approval or disapproval, allowing additional time to address comments and concerns raised during the public comment phase.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change for the Grayscale XRP Trust impacts financial markets, potentially affecting trade and investment strategies for businesses involved in cryptocurrency and commodities. The Commission's extended review period allows for further examination of issues raised, influencing compliance and regulatory frameworks for firms.