19 May 2025
💹NYSE Arca Proposed Rule Change to List Grayscale Solana Trust
Self-Regulatory Organizations; NYSE Arca, Inc.; Order Instituting 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 document details the SEC's proceedings to approve or disapprove a proposed rule change by NYSE Arca for listing and trading shares of the Grayscale Solana Trust. It outlines the investment objectives of the Trust and invites public comment on the proposal, emphasizing regulatory considerations around digital assets.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The regulatory document discusses the proposed rule change for NYSE Arca to list and trade the Grayscale Solana Trust, which could affect investment strategies and market participation in cryptocurrency. This has significant implications for businesses considering engagement in digital assets.