📈Nasdaq Updates Initial Listing Liquidity Requirements for IPOs
The Nasdaq Stock Market's new rule requires companies listing in connection with an IPO to meet liquidity requirements solely from offering proceeds. This adjustment aims to enhance market stability and ensure adequate investor interest, while also affecting companies uplisting from the OTC market. The measures are designed to promote fair trading practices and improve overall market efficiency.
Learn More💰SEC Proposes Rule Change for Franklin Ethereum ETF to Allow Staking
The SEC is reviewing a proposed rule change from Cboe BZX Exchange to allow the Franklin Ethereum ETF to engage in staking ether. This amendment aims to enhance revenue generation for the Fund and improve investor returns, adapting to the evolving landscape of cryptocurrency investments.
Learn More📈Cboe Exchange Updates Preferred Market-Maker Participation Rules
The Securities and Exchange Commission published a notice regarding a rule change by Cboe Exchange, impacting the participation entitlements of Preferred Market-Makers (PMMs). The amendment proposes a 60/40 entitlement percentage and ensures PMMs receive at least one contract if they quote at the best price, aiming to enhance liquidity and trading opportunities.
Learn More📅SEC Crypto Task Force Meeting on Security Status
The Securities and Exchange Commission's Crypto Task Force will host a public meeting to discuss “How We Got Here and How We Get Out—Defining Security Status.” This roundtable will allow public interaction on key topics concerning the definition of security in the crypto realm, promoting transparent discourse in regulatory frameworks.
Learn More📈Cboe EDGX Proposes Rule Amendments for Order Processing
The Cboe EDGX Exchange is proposing changes to Rule 21.8 regarding order display and processing. These amendments aim to optimize how fractional fills are handled and ensure that PMMs receive at least one contract when they have priority quotes at the National Best Bid and Offer (NBBO), facilitating improved market liquidity and trading operations.
Learn More📈SEC Review of Grayscale Dogecoin Trust Listing Proposal
NYSE Arca filed a proposed rule change to list and trade shares of the Grayscale Dogecoin Trust. An amendment to this proposal has been made, extending the review period to allow the SEC sufficient time to consider the change and implications it could have on the cryptocurrency market.
Learn More📈NYSE National Proposes Rule Change for Order Routing Strategies
The SEC has published a notice regarding NYSE National’s proposed rule change to amend specific trading rules, allowing optional routing strategies for certain orders. This change aims to improve trading efficiency and is open for public comments. The rule becomes effective immediately upon filing, pending any reviews by the Commission.
Learn More📈NYSE Proposes Rule Change for Optional Routing Strategy
The Securities and Exchange Commission has published a notice regarding the New York Stock Exchange's proposed amendments to Rules 7.31 and 7.37, which would introduce an optional routing strategy for MPL-IOC orders. The community is invited to comment on these amendments.
Learn More📈Nasdaq Bitcoin Trust Proposed Rule Change Notice and Implications
The SEC has designated a longer period for action regarding Nasdaq's proposed rule change to amend listing and trading rules for the iShares Bitcoin Trust, allowing for in-kind creations and redemptions. The extension aims to give sufficient time for thorough consideration of the proposed changes and any issues raised by them.
Learn More📈SEC Extends Review for WisdomTree XRP Fund Rule Change
The SEC has designated an extended period to consider a proposed rule change from Cboe BZX Exchange for listing the WisdomTree XRP Fund, allowing for thorough analysis of the implications and market impacts associated with trading cryptocurrency-based trust shares. The decision timeline is important for industry stakeholders following commodity-based trusts.
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