On October 15, 2024, NYSE Arca, Inc. submitted a proposed rule change to the Securities and Exchange Commission (SEC) to introduce a new rule for listing and trading investment interests based on commodities and digital assets, as well as shares of the Grayscale Digital Large Cap Fund LLC. The SEC has decided to extend its review period beyond the initial 45-day window ending on December 19, 2024, to ensure it has adequate time to assess the proposal. The final decision will be announced by February 2, 2025. No comments on the proposal have been received from the public.
Simple Explanation
NYSE Arca wants to make a new rule to help people buy and sell special kinds of money, like Bitcoin, but the people in charge need more time to decide if itβs a good idea. Theyβll make their final choice by February next year.