26 Mar 2025
💹Proposed Rule Change for 21Shares Polkadot Trust Listing
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of Proposed Rule Change To List and Trade Shares of the 21Shares Polkadot Trust Under Nasdaq Rule 5711(d)
Summary
The Securities and Exchange Commission is reviewing a proposed rule change from Nasdaq to list and trade shares of the 21Shares Polkadot Trust under Nasdaq Rule 5711(d). This proposal outlines the structure and function of the Trust, detailing its investment objectives and the mechanisms for trading and valuation of the shares in the evolving cryptocurrency market.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The text outlines a proposed rule change for the listing and trading of shares of the 21Shares Polkadot Trust, which introduces a new investment vehicle in the digital asset space. This has significant implications for businesses, especially in finance and investment management, as it affects compliance requirements and the trading of cryptocurrency-related assets.