10 Sep 2025
📈SEC Notice on Canary HBAR ETF Proposed Rule Change
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, as Modified by Amendment No. 1, To List and Trade Shares of the Canary HBAR ETF Under Nasdaq Rule 5711(d) (Commodity-Based Trust Shares)
Summary
The SEC has extended the review period for approving a proposed rule change to list and trade shares of the Canary HBAR ETF under Nasdaq Rule 5711(d). This decision aims to provide the Commission with adequate time to consider the proposal and related issues raised during the comment period.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
This text discusses a proposed rule change for listing and trading shares of the Canary HBAR ETF, which directly impacts market offerings and regulatory compliance for financial institutions and business owners involved in investment sectors. Delays in approvals can affect market strategy and trading operations.