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2025-04165 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Shares of the Grayscale XRP Trust Under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares)
March 17, 2025
Type:Notice
Citation:90 FR 12408
Reading Time:about 2 minutes
On January 30, 2025, NYSE Arca, Inc. proposed a rule change with the Securities and Exchange Commission (SEC) to list and trade shares of the Grayscale XRP Trust. They later modified this proposal with an amendment on February 10, 2025. The SEC needed more time to consider this proposed change and decided to extend the deadline for their decision to either approve or reject it until May 21, 2025. This extension allows the SEC to thoroughly evaluate the proposal and any related concerns.
Simple Explanation
NYSE Arca wants to have a new type of stock related to XRP, and the SEC (which is like the rule-checkers for stocks) needs more time to decide if that's okay, so they will think about it until May 21, 2025. This extra time helps them make sure everything is safe and fair.
2025-04234 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Shares of the CoinShares Litecoin ETF Under Nasdaq Rule 5711(d)
March 17, 2025
Type:Notice
Citation:90 FR 12425
Reading Time:about a minute or two
The Securities and Exchange Commission (SEC) is reviewing a proposed rule change submitted by the Nasdaq Stock Market to allow the listing and trading of shares for the CoinShares Litecoin ETF. This proposal was originally filed on February 7, 2025, and published in the Federal Register on February 25, 2025. Although the SEC initially had 45 days to make a decision on the proposal, it has extended the deadline to May 26, 2025, to allow more time to consider the proposal and the issues it raises.
Simple Explanation
The SEC is taking more time to decide if a new type of stock, linked to Litecoin, can be traded on the Nasdaq market. This extra time is to make sure they fully understand everything and make the best choice.

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