Search Results for keywords:"21Shares Core Solana ETF"

Cboe BZX Exchange, Inc. has submitted a proposal to the Securities and Exchange Commission (SEC) to list and trade shares of the 21Shares Core Solana ETF under their specific rules for Commodity-Based Trust Shares. The primary goal is to give investors regulated access to Solana, a popular cryptocurrency. Cboe argues that trading Solana in this way can limit risks for investors typically exposed to through unregulated digital asset platforms. The proposal emphasizes that Solana's design makes it challenging to manipulate its price, aiming to address concerns about fraud and investor protection.

The Securities and Exchange Commission (SEC) has extended the time period to make a decision on a proposed rule change filed by Cboe BZX Exchange, Inc. This proposal involves the listing and trading of shares for the 21Shares Core Solana ETF under specific exchange rules. Initially set for a decision by April 4, 2025, the SEC believes more time is needed to consider the details and implications, so they have extended the decision deadline to May 19, 2025. This allows the SEC additional time to evaluate whether to approve, disapprove, or begin further proceedings regarding the rule change.