30 Apr 2025
📈Nasdaq Designates Extended Review for Canary HBAR ETF Trading
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 List and Trade Shares of the Canary HBAR ETF Under Nasdaq Rule 5711(d) (Commodity-Based Trust Shares)
Summary
The SEC has announced an extension for its decision on the proposed rule change to list and trade shares of the Canary HBAR ETF under Nasdaq Rule 5711(d). The decision to extend the review period allows the Commission to adequately assess the implications of the proposed change, following a prior amendment submitted by The Nasdaq Stock Market LLC.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change to list and trade shares of the Canary HBAR ETF on Nasdaq may affect market operators and investors, potentially creating new financial products and trading opportunities. The extended review period indicates the SEC is carefully considering implications that could impact compliance and regulatory pathways for business stakeholders involved with ETFs.