Search Results for keywords:"Canary Litecoin ETF"

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Search Results: keywords:"Canary Litecoin ETF"

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  • 2025-04166 — 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 Canary Litecoin ETF under Nasdaq Rule 5711(d)
    Type:Notice
    Citation:90 FR 12384
    Reading Time:about a minute or two

    The Nasdaq Stock Market LLC submitted a proposed rule change to the Securities and Exchange Commission (SEC) to list and trade shares of the Canary Litecoin ETF. This proposal was published for public comment on February 4, 2025. According to the Securities Exchange Act, the SEC initially has 45 days to decide on such proposals but can extend this period if needed. The SEC has chosen to extend the decision deadline to May 5, 2025, to allow for more time to evaluate the proposal thoroughly.

    Simple Explanation

    The Nasdaq Stock Market wants to start selling a new kind of investment called the Canary Litecoin ETF, so they asked permission from a group of people who make sure everything is safe and fair. But these people have decided they need more time to think before they say yes or no, so they're taking a bit longer to decide.

  • 2025-02152 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of Proposed Rule Change To List and Trade Shares of the Canary Litecoin ETF Under Nasdaq Rule 5711(d)
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    Type:Notice
    Citation:90 FR 8949
    Reading Time:about 38 minutes

    The Securities and Exchange Commission (SEC) has received a proposed rule change from The Nasdaq Stock Market LLC to list and trade shares of the Canary Litecoin ETF. This ETF will be based on Coinbase's Litecoin futures and will operate under Nasdaq's Rule 5711(d) for Commodity-Based Trust Shares. The Trust will use CoinDesk's Litecoin Price Index to calculate the net asset value of the ETF, although it will not utilize a surveillance-sharing agreement with a large regulated market. The SEC is seeking public comments on this proposal before making a decision on approval.

    Simple Explanation

    Nasdaq wants to let people buy and sell pieces of something called a Canary Litecoin ETF, which is like a special kind of pretend money based on a digital coin called Litecoin. The people in charge want to make sure it’s safe and not a trick, so they are asking everyone to tell them what they think before they decide if it's okay.