28 Feb 2025
📈SEC Proposes Listing Grayscale Cardano Trust Shares
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of 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 has published a notice regarding the filing of a proposed rule change by NYSE Arca to list and trade shares of the Grayscale Cardano Trust (ADA), a commodity-based trust. This proposed change is aimed at expanding options for investors in the cryptocurrency space, potentially offering a new avenue for gaining exposure to ADA within regulated markets.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The content outlines a proposed SEC rule change for the Grayscale Cardano Trust, which could provide businesses and investors access to a new financial product, impacting cryptocurrency investment strategies and market dynamics. The listing of ADA-related shares might also entice interest from companies within the crypto ecosystem.