10 Sep 2025
📈SEC Notice on Grayscale Polkadot Trust Trading Approval Process
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of the Grayscale Polkadot Trust (DOT) Under Nasdaq Rule 5711(d) (Commodity-Based Trust Shares)
Summary
The SEC has issued a notice regarding a proposed rule change by Nasdaq to list and trade shares of the Grayscale Polkadot Trust. This notice outlines the regulatory process, including comments received and the extended timeline for the SEC's decision, emphasizing the importance of thorough consideration of the proposal.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The text discusses a proposed rule change regarding the listing and trading of shares for the Grayscale Polkadot Trust, which could significantly impact businesses and investors involved in cryptocurrency assets. The SEC’s extension of the review period indicates ongoing regulatory scrutiny, affecting market dynamics and compliance responsibilities.