Search Results for keywords:"fraud and manipulation prevention"

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Search Results: keywords:"fraud and manipulation prevention"

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  • 2025-03968 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of Proposed Rule Change To List and Trade Shares of the Grayscale Polkadot Trust Under Nasdaq Rule 5711(d)
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    Type:Notice
    Citation:90 FR 12016
    Reading Time:about 73 minutes

    The Securities and Exchange Commission (SEC) received a proposed rule change from The Nasdaq Stock Market LLC to list and trade shares of the Grayscale Polkadot Trust under Nasdaq Rule 5711(d). This trust will hold and manage Polkadot tokens, offering an investment avenue without direct ownership of the digital currency. The proposed rule includes measures to prevent fraud and manipulation, and outlines how the shares will be created, traded, and redeemed. The SEC is reviewing the proposal and inviting public comments for potential approval or disapproval.

    Simple Explanation

    The SEC is thinking about letting a special type of investment fund, called the Grayscale Polkadot Trust, be bought and sold on the Nasdaq. This fund helps people invest in a thing called Polkadot without actually owning any, but they're making sure to set rules so nobody cheats or makes a mess of things.

  • 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.