The Securities and Exchange Commission (SEC) is considering a proposed rule change submitted by The Nasdaq Stock Market LLC. This proposal aims to introduce a new rule, Nasdaq Rule 5712, which would allow the listing and trading of investment products based on commodities and digital assets. Specifically, the rule would facilitate the listing and trading of shares in the Hashdex Nasdaq Crypto Index US ETF. The SEC is inviting comments from the public on this proposed change to ensure it aligns with regulatory standards and protects investors.
Simple Explanation
Nasdaq wants to make a new rule so people can buy and sell special financial products that are based on things like gold or digital money. The big guy who checks if everything is fair, called the SEC, wants to know what everyone thinks about this idea to make sure it’s good and safe for everyone.