Search Results for keywords:"cryptocurrency"

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Search Results: keywords:"cryptocurrency"

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  • 2025-06033 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Shares of the Fidelity Solana Fund, Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
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    Type:Notice
    Citation:90 FR 15266
    Reading Time:about 47 minutes

    The Securities and Exchange Commission is reviewing a proposal by Cboe BZX Exchange, Inc. to list and trade shares of the Fidelity Solana Fund. This fund will invest in Solana, a type of cryptocurrency, without needing a surveillance-sharing agreement with a market of significant size for monitoring. The proposal aims to offer U.S. investors a transparent and regulated option to invest in Solana, possibly reducing risks like price manipulation and high management fees. The SEC is seeking comments from the public and plans to decide on approval within 90 days.

    Simple Explanation

    The government is thinking about letting a company called Cboe BZX Exchange sell special shares that let people invest in a type of digital money called Solana. They want people to safely invest without worrying about sneaky tricks, and are asking everyone if they think it's a good idea.

  • 2025-06497 — Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 402, Criteria for Underlying Securities, To List and Trade Options on the Fidelity Ethereum Fund
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    Type:Notice
    Citation:90 FR 16359
    Reading Time:about 40 minutes

    The Securities and Exchange Commission (SEC) has published a notice about a rule change by the MIAX PEARL, LLC Exchange. This proposed change would allow the exchange to list and trade options on the Fidelity Ethereum Fund. These options let investors engage with Ethereum without directly buying the cryptocurrency. The proposal aims to offer another trading venue for these options to enhance market transparency and liquidity, in a manner similar to what is already available for options on ETFs tied to other commodities.

    Simple Explanation

    The SEC has announced a new plan that lets a certain company offer special deals for buying and selling on something like "Ethereum" without needing to own it, kind of like trading Pokemon cards without owning the cards. This idea hopes to make it easier and clearer to trade, just like trading other popular things.

  • 2025-06413 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of a Proposed Rule Change To List and Trade Shares of Grayscale Avalanche Trust (AVAX) Under Nasdaq Rule 5711(d) (Commodity-Based Trust Shares)
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    Type:Notice
    Citation:90 FR 16022
    Reading Time:about 73 minutes

    The Securities and Exchange Commission has announced a proposed rule change to allow Nasdaq to list and trade shares from the Grayscale Avalanche Trust (AVAX) under its rules for Commodity-Based Trust Shares. These shares will let investors indirectly invest in AVAX, a cryptocurrency from the Avalanche Network, similar to how they might invest in other commodities like gold. The Trust will not be actively managed, and the value of its shares will reflect the value of the AVAX it holds, minus associated expenses. The proposal also includes measures to prevent fraud and manipulation, despite AVAX's market not being primarily regulated.

    Simple Explanation

    Imagine a new way for people to put their money into a special kind of pretend money called AVAX, which is like a game token used online. The plan is for these tokens to be turned into little pieces that people can buy and sell on a big trading floor called Nasdaq, just like trading collectible cards but with grown-up money. This idea is still being checked to make sure it's fair and safe for everyone.

  • 2025-06505 — Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 402, Criteria for Underlying Securities, To List and Trade Options on the iShares Ethereum Trust
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    Type:Notice
    Citation:90 FR 16201
    Reading Time:about 39 minutes

    In a notice published by the Securities and Exchange Commission, the MIAX PEARL, LLC proposed a change to its rules to allow the listing and trading of options on the iShares Ethereum Trust. This change is intended to give investors a more cost-effective way to invest in Ether, a type of cryptocurrency, without directly owning it. The rule change aligns with similar approvals from other exchanges and aims to enhance the tools available to investors for managing their investment portfolios. The proposal has been filed to encourage comments from the public and does not impose significant burdens on competition or investor protection.

    Simple Explanation

    The rules are being changed so people can trade special contracts called "options" on something that's kind of like a pretend share of the pretend money called Ethereum. This helps them invest in Ethereum without actually having to own any.

  • 2025-04330 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Amend the Rule Governing the Listing and Trading of Shares of the Fidelity Ethereum Fund To Permit Staking
    Type:Notice
    Citation:90 FR 12626
    Reading Time:about 14 minutes

    The Cboe BZX Exchange, Inc. has proposed a rule change to the Securities and Exchange Commission (SEC) to allow the Fidelity Ethereum Fund to stake ether, the cryptocurrency of the Ethereum network. Staking involves holding and locking ether in the blockchain to support operations like validating transactions and securing the network; in return, participants may earn rewards. This proposal is intended to help the fund offer better returns to investors by allowing for staking rewards, which can also enhance the Ethereum blockchain's security and functionality. The SEC is seeking public comments on this proposed rule change.

    Simple Explanation

    The Cboe BZX Exchange wants to let a Fidelity Fund use its Ethereum coins in a way that helps make the computer network safer and stronger, and in return, the fund could earn extra money. The SEC is checking if this is a good idea and wants people to share what they think about it.

  • 2025-03336 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change To Amend the Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF To Permit Staking of the Ether Held by the Trusts
    Type:Notice
    Citation:90 FR 11081
    Reading Time:about 13 minutes

    The Securities and Exchange Commission (SEC) has released a notice about a proposed rule change by NYSE Arca for the Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF. The proposed change aims to allow the Trusts to stake ether, a type of cryptocurrency, to earn rewards. This proposal responds to the update in Ethereum's network from a proof-of-work to a proof-of-stake consensus mechanism, which is more energy-efficient. The SEC is inviting public comments on whether this change complies with securities regulations and serves the best interests of the investors and the market.

    Simple Explanation

    The Securities and Exchange Commission (SEC) is thinking about letting some big groups use a special kind of money called ether (like a digital coin) in a new way called "staking," which helps them earn more coins. They want to see if this idea is good for everyone and are asking people what they think.

  • 2025-02552 — Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing of a Proposed Rule Change, as Modified by Amendment No. 1, To List Options on the Fidelity Ethereum Fund
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    Type:Notice
    Citation:90 FR 9570
    Reading Time:about 48 minutes

    The Cboe EDGX Exchange, Inc. filed a rule change with the Securities and Exchange Commission to list and trade options on the Fidelity Ethereum Fund. This fund is an Ethereum-backed commodity ETF, aiming to reflect Ethereum's performance and provide investors exposure to the Ethereum market without direct handling of the cryptocurrency. The Exchange proposes specific position and exercise limits for these options to minimize risks and maintain a fair trading environment. The SEC is seeking public comments on this rule change proposal before making a decision.

    Simple Explanation

    The Cboe EDGX Exchange, Inc. wants to let people trade options, which are like special bets, on a fund that follows the performance of Ethereum, a type of digital money, without actually buying it. They are asking the government if this is okay and want people to say what they think about it.

  • 2025-04327 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Amend the Rule Governing the Listing and Trading of Shares of the Franklin Crypto Index ETF To Permit Staking
    Type:Notice
    Citation:90 FR 12621
    Reading Time:about 15 minutes

    Cboe BZX Exchange, Inc. has proposed a rule change to the Securities and Exchange Commission (SEC) to allow the Franklin Crypto Index ETF to stake ether, the cryptocurrency of the Ethereum network. Staking involves locking ether to help validate transactions on the Ethereum blockchain, which can result in earning additional ether as rewards. This change is expected to make the ETF more efficient by allowing it to generate more returns for its investors, similar to how dividends work with traditional stocks. The proposal notes that this activity will not impact competition and invites public comments before the SEC finalizes its decision.

    Simple Explanation

    Cboe BZX Exchange wants to change the rules so a special fund called the Franklin Crypto Index ETF can earn more money by using a kind of digital piggy bank with a magical coin called ether. This means they help keep the magic of Ethereum working smoothly, and in return, they get more ether coins as a thank-you!

  • 2024-28343 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change To List and Trade Shares of the Bitwise 10 Crypto Index Fund Under Proposed NYSE Arca Rule 8.800-E (Commodity- and Digital Asset-Based Investment Interests)
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    Type:Notice
    Citation:89 FR 95853
    Reading Time:about 76 minutes

    The Securities and Exchange Commission (SEC) is evaluating a rule change proposed by NYSE Arca to list and trade shares of the Bitwise 10 Crypto Index Fund, which primarily deals with digital currencies like Bitcoin and Ethereum. This fund, operating under proposed NYSE Arca Rule 8.800-E, will not use derivatives, thus minimizing counterparty risks and will only handle digital assets and cash. The SEC will decide on the rule change by either approving, disapproving, or investigating further within a set timeframe. Interested parties are invited to submit their comments on this proposal to the SEC.

    Simple Explanation

    The SEC is thinking about letting a company called NYSE Arca offer a special box of digital money, like Bitcoin, called the Bitwise 10 Crypto Index Fund. This box won't use tricky things called derivatives, which makes it safer, and people can tell the SEC what they think about this plan.

  • 2025-04353 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Amend the Rule Governing the Listing and Trading of Shares of the Franklin Ethereum ETF To Permit Staking
    Type:Notice
    Citation:90 FR 12611
    Reading Time:about 15 minutes

    Cboe BZX Exchange, Inc. has proposed a rule change to allow the Franklin Ethereum ETF to engage in staking with its ether holdings. This change would enable the fund, which already trades ether as a commodity, to earn additional rewards through staking, benefiting investors. The filing outlines that this staking would be conducted in a way that doesn't pose additional risks to the fund or its ether holdings. Comments from the public are invited before the Securities and Exchange Commission decides on approving the change.

    Simple Explanation

    The Cboe BZX Exchange wants to let a special kind of fund use its magic internet money to earn extra goodies without taking extra risks. They want people to share their thoughts about this idea before the grown-ups in charge make a decision.

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