25 Jul 2025
📈SEC Extends Deadline for Nasdaq ETF Rule Change Review
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 21Shares SUI ETF Under Nasdaq Rule 5711(d) (Commodity-Based Trust Shares)
Summary
The SEC has designated a longer period for action on Nasdaq's proposal to list and trade shares of the 21Shares SUI ETF under its rules. This decision allows additional time to consider the implications of the proposed rule change and engage with comments received during the review process.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The text discusses a rule change that allows for the listing and trading of the 21Shares SUI ETF, impacting financial markets and investment strategies. Businesses involved in finance or securities will need to be aware of the extended timeframe for Commission action on this rule change, which may affect trading and compliance strategies.