28 Feb 2025
📈Nasdaq Proposes Rule Change for Valkyrie Bitcoin Fund
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Certain Representations Relating to the Valkyrie Bitcoin Fund
Summary
The Securities and Exchange Commission has received a notice from Nasdaq regarding a proposed rule change for the Valkyrie Bitcoin Fund. The changes involve amendments to key operational aspects, including service providers and custodians, while ensuring compliance with existing listing requirements. The rule has been designated for immediate effectiveness, enabling quicker updates to the Trust's operations.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change regarding the Valkyrie Bitcoin Fund involves updates to critical operational elements, such as service providers and custodians, which can directly affect compliance and regulatory posture for associated businesses. The immediate effectiveness of the rule may impact market dynamics for stakeholders.