Search Results for keywords:"digital asset"

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Search Results: keywords:"digital asset"

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  • 2025-02945 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To List and Trade Shares of the Bitwise XRP ETF Under BZX Rule 14.11(e)(4) (Commodity-Based Trust Shares)
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    Type:Notice
    Citation:90 FR 10525
    Reading Time:about 50 minutes

    The Securities and Exchange Commission (SEC) has announced that the Cboe BZX Exchange, Inc. has proposed a rule change to list and trade shares of the Bitwise XRP ETF under its Commodity-Based Trust Shares rules. The ETF aims to track the performance of XRP, a digital asset used for fast and low-cost cross-border payments. The proposal is designed to prevent fraud and manipulation while protecting investors, mirroring previous approvals for similar ETFs based on Bitcoin and Ethereum. The SEC is currently seeking public comments on this proposal before deciding on its approval.

    Simple Explanation

    The SEC is looking at a new plan where a company wants to make a special trading fund that works like a basket to hold a digital money called XRP. This plan is meant to let people trade XRP in a safer and more controlled way, and they want to make sure no one cheats or lies.

  • 2025-03032 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of Proposed Rule Change To List and Trade Shares of the CoinShares XRP ETF Under Nasdaq Rule 5711(d)
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    Type:Notice
    Citation:90 FR 10667
    Reading Time:about 48 minutes

    The Securities and Exchange Commission is considering a proposal by The Nasdaq Stock Market LLC to list and trade shares of the CoinShares XRP ETF under Nasdaq Rule 5711(d). This proposed rule change would allow the exchange to offer a new exchange-traded fund (ETF) that is designed to track the performance of the digital asset XRP. The ETF aims to provide investors an easy and cost-effective way to gain exposure to XRP without directly investing in the cryptocurrency itself. The SEC is seeking public comments on whether this proposal aligns with the rules and regulations set out by the Securities Exchange Act of 1934.

    Simple Explanation

    The SEC is thinking about letting Nasdaq sell a new type of investment, called an ETF, that helps people invest in a digital coin called XRP without buying the coin directly. They're asking people if they think it's a good idea and if it follows the rules.

  • 2025-03029 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To List and Trade Shares of the Canary XRP Trust Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
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    Type:Notice
    Citation:90 FR 10647
    Reading Time:about 50 minutes

    The Securities and Exchange Commission has released a notice that the Cboe BZX Exchange, Inc. is proposing a rule change to allow the listing and trading of shares of the Canary XRP Trust under BZX Rule 14.11(e)(4). The proposal aims to list these shares, which are linked to the digital asset XRP, on a regulated exchange. The document also discusses the measures in place to prevent fraudulent activities, while ensuring investor protection by exposing U.S. investors to XRP through a regulated, exchange-traded product. The public is invited to comment on this proposal to ensure adherence to the rules governing fair and transparent markets.

    Simple Explanation

    The Securities and Exchange Commission is thinking about letting a company list a special kind of investment on the stock market that is connected to a digital currency called XRP, to help keep it safe and fair for everyone. They want to make sure people can trade it without getting tricked and are asking for ideas on how they can do it right.