17 Mar 2025
📈SEC Extends Review Period for CoinShares XRP ETF Proposal
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 XRP ETF Under Nasdaq Rule 5711(d)
Summary
The SEC has issued a notice concerning the proposed rule change to list shares of the CoinShares XRP ETF under Nasdaq rules. This notice highlights the extended review period to allow for deeper consideration of the proposal and the issues raised during the public comment phase, with a new deadline set for decision-making.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The SEC's designation of a longer period for reviewing the proposed CoinShares XRP ETF implicates compliance and regulatory requirements that business owners in the financial and cryptocurrency sectors must consider, especially if involved in ETF offerings or trading.