Search Results for keywords:"exchange-traded product"

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Search Results: keywords:"exchange-traded product"

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  • 2025-03025 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To List and Trade Shares of the WisdomTree XRP Fund Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
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    Type:Notice
    Citation:90 FR 10769
    Reading Time:about 49 minutes

    The Securities and Exchange Commission is considering a proposal from the Cboe BZX Exchange, Inc. to list and trade shares of the WisdomTree XRP Fund. This fund would allow investors to invest in XRP, a type of digital asset, through a regulated exchange-traded product rather than directly buying and holding XRP. The proposal includes various measures to prevent fraud and manipulation in the trading of XRP and claims that these measures would protect investors. The Commission is seeking public comments on whether or not they should approve this rule change.

    Simple Explanation

    Cboe BZX Exchange wants to let people buy shares of a fund that holds a digital coin called XRP like a stock, so they don't have to buy the coin directly. The SEC is checking if this is safe and fair, and they want people to tell them what they think before deciding.

  • 2025-02497 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Shares of the Grayscale Litecoin Trust Under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares)
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    Type:Notice
    Citation:90 FR 9452
    Reading Time:about 95 minutes

    NYSE Arca, Inc. has proposed a rule change to allow for the listing and trading of shares of the Grayscale Litecoin Trust under its new rule, 8.201-E, which covers Commodity-Based Trust Shares. This proposal aims to turn the Grayscale Litecoin Trust into an exchange-traded product, making it easier for investors to gain exposure to Litecoin (LTC) on a regulated exchange. The Trust currently holds about $215.4 million worth of LTC and is the largest LTC investment fund, which allows investors to engage without directly purchasing the cryptocurrency. The Securities and Exchange Commission is soliciting public feedback on the proposed rule change.

    Simple Explanation

    NYSE Arca wants to list and trade shares of a big Litecoin fund, making it easier for people to buy and sell Litecoin on a regular exchange without having to buy the actual digital coins. The rules and details about how it works are a bit complicated, so they are asking people to share their thoughts on the idea.

  • 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.