14 May 2025
📈SEC Notice on Nasdaq's Proposed Rule Change for 21Shares Polkadot Trust
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Shares of the 21Shares Polkadot Trust Under Nasdaq Rule 5711(d) (Commodity-Based Trust Shares)
Summary
The Securities and Exchange Commission has issued a notice extending the review period for the Nasdaq's proposal to list and trade shares of the 21Shares Polkadot Trust. The Commission aims to ensure sufficient time for consideration of the proposed rule change and related issues, announcing a new deadline for decision-making.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory notice involves a proposed rule change concerning the listing and trading of shares of the 21Shares Polkadot Trust, which may impact businesses involved in cryptocurrency investment or trading. Significant implications arise from potential approval or disapproval from the SEC, affecting market dynamics and compliance requirements.