23 Apr 2025
📈Nasdaq's Proposed Rule for Digital Asset Investments Review
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, To Adopt Nasdaq Rule 5712 To Provide for the Listing and Trading of Commodity- and Digital Asset-Based Investment Interests and To List and Trade Shares of the Hashdex Nasdaq Crypto Index US ETF Under Proposed Nasdaq Rule 5712
Summary
The Securities and Exchange Commission is considering Nasdaq's proposed Rule 5712, which aims to allow the listing and trading of commodity- and digital asset-based investment interests. This includes the Hashdex Nasdaq Crypto Index US ETF, marking a significant step towards integrating digital assets into regulated markets. The Commission is reviewing the proposal, extending the decision deadline to June 5, 2025.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change enables the listing and trading of commodity- and digital asset-based investments, expanding opportunities for financial institutions and businesses to participate in these markets. This could influence investment strategies and market dynamics significantly.