5 May 2025
📈SEC Extends Review Period for Grayscale Hedera 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 Hedera Trust (HBAR) Under Nasdaq Rule 5711(d) (Commodity-Based Trust Shares)
Summary
The SEC has announced an extension of the review period for The Nasdaq Stock Market LLC's proposed rule change to list and trade shares of the Grayscale Hedera Trust under Nasdaq Rule 5711(d). This notice reflects the Commission’s effort to thoroughly evaluate the proposed rule change and related regulatory considerations.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The SEC's notice indicates an ongoing proposed rule change regarding the listing and trading of Grayscale Hedera Trust shares. The outcome could influence market access and regulatory compliance for businesses in the cryptocurrency sector, impacting investment strategies and market operations.