31 Jul 2025
📈SEC Notice on Grayscale Solana Trust Trading Proposal
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of 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 Solana Trust Under NYSE Arca Rule 8.201-E, Commodity-Based Trust Shares
Summary
The SEC has extended the review period for NYSE Arca's proposed rule change to list and trade shares of the Grayscale Solana Trust, allowing for a thorough consideration of the implications and comments received. The revised timeline indicates significant steps toward potential approval or disapproval of this financial product.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice pertains to a proposed rule change for NYSE Arca regarding the trading of the Grayscale Solana Trust shares, impacting financial markets and potential investment strategies for business owners and executives. Compliance with SEC regulations is crucial.