🪙Nasdaq Rule 5712 Proposal for Digital Asset Investment Interests
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of 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 Nasdaq Exchange has proposed Rule 5712 to enable the listing and trading of Commodity- and Digital Asset-Based Investment Interests. This development focuses on enhancing market access for digital assets, providing a framework for investment in the Hashdex Nasdaq Crypto Index US ETF, which aims to offer new opportunities in a rapidly growing market sector.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed listing rules for Commodity- and Digital Asset-Based Investment Interests (Rule 5712) and the Hashdex Nasdaq Crypto Index US ETF significantly impact business executives and investors by allowing new investment opportunities in the digital asset market, necessitating compliance with regulatory requirements regarding asset transparency and ongoing trading conditions.