The Nasdaq Stock Market LLC submitted a proposal to the Securities and Exchange Commission (SEC) to update certain details regarding the Valkyrie Bitcoin Fund. These updates include changes to the fund's service providers, custodians, order cutoff times, website, alternative benchmark, and the names associated with the Trust and its trustee. The proposed changes were made effective immediately upon filing, as they do not significantly affect investors or public interest and do not introduce new regulatory concerns. The SEC is inviting public comments on this proposal until March 21, 2025.
Simple Explanation
The Nasdaq Stock Market changed some details about a special type of money fund called the Valkyrie Bitcoin Fund. They told the people in charge right away and are asking everyone to share their thoughts by March 21, 2025.