1 Aug 2025
📈Proposed Rule for Grayscale Litecoin Trust
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 Litecoin Trust (LTC) Under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares)
Summary
The Securities and Exchange Commission has announced the designation of a longer period for considering a proposed rule change by NYSE Arca to list and trade shares of the Grayscale Litecoin Trust under specific rules. This extension allows the Commission to thoroughly assess the implications of the proposed rule change before making a decision.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The content discusses a proposed rule by NYSE Arca related to listing and trading shares of the Grayscale Litecoin Trust, impacting compliance and regulatory requirements for businesses. Approval of this rule may influence market operations and investment strategies for firms dealing with cryptocurrencies.