Search Results for citation:"90 FR 11340"

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Search Results: citation:"90 FR 11340"

  • Type:Notice
    Citation:90 FR 11340
    Reading Time:about 13 minutes

    The Securities and Exchange Commission (SEC) received a proposed rule change from the Cboe BZX Exchange, Inc. to amend the WisdomTree Bitcoin Fund to allow for in-kind creations and redemptions. Currently, the Trust processes creations and redemptions in cash, but the proposed change will enable them to handle these transactions either in cash or in-kind (using bitcoin). This adjustment is intended to improve the efficiency of the market by allowing authorized participants to transact using bitcoin directly instead of cash, potentially reducing market impact. The SEC is inviting feedback from the public on whether this proposed change aligns with the securities laws.

    Simple Explanation

    The SEC is looking at a change that would allow a Bitcoin fund to not only use money but also actual bitcoins when people want to buy or sell parts of it. This change could make it easier and faster for people to trade because they wouldn't have to use cash all the time.

  • Type:Notice
    Citation:90 FR 11340
    Reading Time:less than a minute

    The Securities and Exchange Commission issued a notice about a correction in a previous publication in the Federal Register. This correction involves changing a heading from "Proposed Collection" to "Submission for OMB Review" due to a typographical error. The mistake appeared in a document related to reports of material violations, published on February 27, 2025. Naomi P. Lewis is the contact person for more information regarding this correction.

    Simple Explanation

    The Securities and Exchange Commission made a small fix in a document because there was a typing mistake in the title, changing "Proposed Collection" to "Submission for OMB Review" to make it correct.

  • Type:Notice
    Citation:90 FR 11340
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) is announcing a notice regarding applications for deregistration under Section 8(f) of the Investment Company Act of 1940, specifically for February 2025. A unit investment trust, named FSL Separate Account M, has applied for an order declaring that it is no longer an investment company, as it currently has 96 beneficial owners and does not offer or plan to offer securities. The filing for this application was made on July 1, 2024, and the applicant operates as a private investment fund under section 3(c)(1) of the Act. Public comments or hearing requests can be submitted until March 25, 2025.

    Simple Explanation

    There's a company that has stopped selling special money packets, and now they want to be known as a private club for certain people who already have these packets. They asked the grown-up helpers who watch over companies to officially mark them as no longer a company that sells these packets.