3 Jun 2025
📈Proposed Rule Change for Grayscale Cardano Trust Listing
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. 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 is considering a proposed rule change by NYSE Arca to list and trade shares of the Grayscale Cardano Trust (ADA). The document outlines the regulatory process, including request for public comment before the Commission makes a decision on the proposed listing, which may have implications for trading in cryptocurrency assets.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document discusses a proposed rule change to list shares of the Grayscale Cardano Trust on NYSE Arca, which can affect businesses engaged in digital asset trading and investment. Potential approval may open opportunities for new investment products in cryptocurrency, impacting market dynamics.