The Securities and Exchange Commission (SEC) is extending the time to make a decision on a proposed rule change by the Cboe BZX Exchange, Inc. to list and trade shares of the Bitwise XRP ETF. The rule change was initially published for public comment on February 24, 2025, and the SEC has moved the deadline to either approve or disapprove the proposal to May 25, 2025. This extension gives the SEC more time to consider the details and issues related to the proposed rule change.
Simple Explanation
The people in charge of rules for buying and selling things on the Cboe BZX Exchange need more time to decide if a special new way to buy and sell something called the Bitwise XRP ETF is okay to use. They moved the deadline from February to May so they can think about it more.