Search Results for citation:"90 FR 12410"

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Search Results: citation:"90 FR 12410"

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2025-04187 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Shares of the WisdomTree XRP Fund Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
March 17, 2025
Type:Notice
Citation:90 FR 12410
Reading Time:about a minute or two
The Securities and Exchange Commission (SEC) is considering a rule change proposed by the Cboe BZX Exchange, Inc.. The change involves listing and trading shares of the WisdomTree XRP Fund. The SEC has decided to extend the time they have to make a decision on this proposal to May 27, 2025, to ensure they can fully evaluate the details and any raised issues. This extension allows the SEC to assess whether to approve, disapprove, or start proceedings on disapproval of the proposed rule change.
Simple Explanation
The SEC needs more time to decide if a special kind of fund, called the WisdomTree XRP Fund, can be traded on a stock exchange. They're taking extra time until May 27, 2025, to make sure they understand everything about it first.
2025-04225 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Shares of the Grayscale Solana Trust Under NYSE Arca Rule 8.201-E, Commodity-Based Trust Shares
March 17, 2025
Type:Notice
Citation:90 FR 12410
Reading Time:about 2 minutes
NYSE Arca, Inc. submitted a request to the Securities and Exchange Commission (SEC) to list and trade shares of the Grayscale Solana Trust. They made an amendment to their proposal, and as a result, the SEC is extending its review period due to the complexity of the issues involved. The new deadline for the SEC to make a decision on whether to approve or disapprove the proposal is set for May 13, 2025. This extension will allow the SEC additional time to consider the details of the proposed changes.
Simple Explanation
Imagine that a store wants to start selling a new kind of toy called "Grayscale Solana Trust." The group in charge of making sure this is safe and okay, called the SEC, needs more time to decide if it's alright for the store to sell these toys. So, they're taking a longer time to look at all the details until May 13, 2025, to make sure everything is okay for the people who want to buy them.

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