17 Mar 2025
📈Nasdaq Proposes Rule Change for CoinShares Litecoin ETF Listing
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 CoinShares Litecoin ETF Under Nasdaq Rule 5711(d)
Summary
The Securities and Exchange Commission (SEC) has announced an extended period for reviewing a proposed rule change by Nasdaq to list and trade shares of the CoinShares Litecoin ETF. This extension allows the SEC more time to consider the implications and issues related to the proposal, with a new decision target date set for May 26, 2025.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document pertains to a proposed rule change to list the CoinShares Litecoin ETF on Nasdaq, which directly impacts business owners and executives involved in the financial markets, especially those managing ETFs and similar financial products. The extended review period signifies ongoing scrutiny and potential regulatory barriers.