Search Results for keywords:"BZX Rule 14.11(e)(4)"

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Search Results: keywords:"BZX Rule 14.11(e)(4)"

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  • 2025-02686 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To List and Trade Shares of the VanEck Solana Trust, Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
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    Type:Notice
    Citation:90 FR 9746
    Reading Time:about 58 minutes

    The Cboe BZX Exchange, Inc. has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to list and trade shares of the VanEck Solana Trust under BZX Rule 14.11(e)(4). This rule pertains to Commodity-Based Trust Shares. The Exchange suggests that Solana (SOL) is resistant to price manipulation and highlights the regulation's aim to create a safer and more transparent investment option for U.S. investors, addressing manipulation concerns and ensuring compliance with the Act. The SEC invites public comments on this proposal before making a decision to approve or disapprove it.

    Simple Explanation

    The Cboe BZX Exchange wants to make it possible to buy and sell a type of "special stock" called the VanEck Solana Trust, which is connected to a computer money called Solana. They say this will be safe and clear for people to invest in, and they are asking others to share their thoughts before deciding if it's a good idea.

  • 2025-06033 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Shares of the Fidelity Solana Fund, Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
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    Type:Notice
    Citation:90 FR 15266
    Reading Time:about 47 minutes

    The Securities and Exchange Commission is reviewing a proposal by Cboe BZX Exchange, Inc. to list and trade shares of the Fidelity Solana Fund. This fund will invest in Solana, a type of cryptocurrency, without needing a surveillance-sharing agreement with a market of significant size for monitoring. The proposal aims to offer U.S. investors a transparent and regulated option to invest in Solana, possibly reducing risks like price manipulation and high management fees. The SEC is seeking comments from the public and plans to decide on approval within 90 days.

    Simple Explanation

    The government is thinking about letting a company called Cboe BZX Exchange sell special shares that let people invest in a type of digital money called Solana. They want people to safely invest without worrying about sneaky tricks, and are asking everyone if they think it's a good idea.

  • 2025-02684 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To List and Trade Shares of the Canary Solana Trust, Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
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    Type:Notice
    Citation:90 FR 9756
    Reading Time:about 54 minutes

    The Securities and Exchange Commission has received a proposed rule change from the Cboe BZX Exchange, Inc. to list and trade shares of the Canary Solana Trust under BZX Rule 14.11(e)(4), which covers Commodity-Based Trust Shares. The Trust aims to track the performance of SOL, a digital asset from the decentralized Solana Network, focusing on preventing fraudulent and manipulative practices. To do this, they plan to utilize various security measures, including transparency in pricing and information dissemination. The SEC is seeking public comments before making a final decision, with the deadline set for March 11, 2025.

    Simple Explanation

    The Cboe BZX Exchange wants to let people buy and sell a new kind of share linked to Solana, a digital coin, and they asked the SEC for permission, which is like getting a thumbs-up. The SEC is thinking about it and asking people what they think before deciding, just like when you ask others if they like your new toy before you let everyone play with it.

  • 2025-02888 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change, as Modified by Amendment No. 1 To List and Trade Shares of the 21Shares Core XRP Trust Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
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    Type:Notice
    Citation:90 FR 10093
    Reading Time:about 57 minutes

    The Securities and Exchange Commission received a proposed rule change from the Cboe BZX Exchange, Inc. to list and trade shares of the 21Shares Core XRP Trust. This trust focuses on XRP, a digital asset intended for fast and low-cost transactions, different from other cryptocurrencies like Bitcoin and Ethereum. The proposal argues that XRP is less prone to price manipulation and offers ample protection for investors by securing assets in segregated accounts. The SEC is seeking public comments on this proposal to assess its compliance with regulatory standards, evaluating if it prevents fraud and protects investors before a final decision.

    Simple Explanation

    The Cboe BZX Exchange wants permission from the Securities and Exchange Commission (SEC) to let people buy and sell shares in a special trust that holds XRP, which is a type of digital money used to make quick and cheap payments. The SEC is checking if this is safe and fair for investors and asking for people's opinions before making a decision.

  • 2025-03029 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To List and Trade Shares of the Canary XRP Trust Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
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    Type:Notice
    Citation:90 FR 10647
    Reading Time:about 50 minutes

    The Securities and Exchange Commission has released a notice that the Cboe BZX Exchange, Inc. is proposing a rule change to allow the listing and trading of shares of the Canary XRP Trust under BZX Rule 14.11(e)(4). The proposal aims to list these shares, which are linked to the digital asset XRP, on a regulated exchange. The document also discusses the measures in place to prevent fraudulent activities, while ensuring investor protection by exposing U.S. investors to XRP through a regulated, exchange-traded product. The public is invited to comment on this proposal to ensure adherence to the rules governing fair and transparent markets.

    Simple Explanation

    The Securities and Exchange Commission is thinking about letting a company list a special kind of investment on the stock market that is connected to a digital currency called XRP, to help keep it safe and fair for everyone. They want to make sure people can trade it without getting tricked and are asking for ideas on how they can do it right.