28 Aug 2025
📈SEC Notice on Grayscale Cardano 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. 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 SEC issued a notice regarding NYSE Arca's proposed rule change to list and trade shares of the Grayscale Cardano Trust (ADA). The notice outlines the timeline for approval processes and comments from the public, reflecting ongoing regulatory considerations in the cryptocurrency market.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The SEC's notice about the proposed rule change for the Grayscale Cardano Trust directly affects business owners and executives involved with cryptocurrency investments and securities trading. Approval or disapproval of this rule will impact market operations and investment strategies related to cryptocurrency assets.