30 Apr 2025
📈SEC Extends Review for Grayscale Polkadot Trust 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 Grayscale Polkadot Trust (DOT) Under Nasdaq Rule 5711(d) (Commodity-Based Trust Shares)
Summary
The Securities and Exchange Commission (SEC) has announced the extension of the review period for a proposed rule change to list and trade shares of the Grayscale Polkadot Trust under Nasdaq Rule 5711(d). This extension allows the SEC more time to evaluate the proposal and any related concerns before making a decision.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice extends the review period for the proposed rule change concerning the Grayscale Polkadot Trust (DOT), which could impact investment offerings and trading strategies for businesses involved in cryptocurrency or investment services. This regulatory timeline provides businesses potential lead time to adjust operations according to the SEC's final decision.