Search Results for keywords:"NYSE Arca"

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Search Results: keywords:"NYSE Arca"

  • Type:Notice
    Citation:90 FR 9470
    Reading Time:about 98 minutes

    On January 24, 2025, NYSE Arca filed a proposed rule change with the Securities and Exchange Commission to list and trade shares of the Grayscale Solana Trust, which deals with Solana cryptocurrency, under specific trading rules. This proposal aims to institute a new way for people to securely invest in Solana via a regulated exchange. The Grayscale Solana Trust, governed by a sponsor and custodian, is structured to prevent fraud and ensure fair pricing. The SEC is currently reviewing the proposal and seeking public comments to evaluate its compliance with regulations designed to protect investors and maintain market integrity.

    Simple Explanation

    Imagine a treasure chest where people can safely keep their shiny Solana coins, a type of digital money, at a special place called NYSE Arca. They want to make this treasure chest really safe and fair, so they are asking some smart people, like the SEC, to make sure everything is okay before they open it for everyone to use.

  • 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.

  • Type:Notice
    Citation:90 FR 16283
    Reading Time:about 45 minutes

    The Securities and Exchange Commission (SEC) has received a proposal from NYSE Arca, Inc. to amend certain rules to allow the listing and trading of options on specific Ethereum-based exchange-traded funds (ETFs), such as the Grayscale Ethereum Trust ETF, Grayscale Ethereum Mini Trust ETF, and Bitwise Ethereum ETF. This proposal aims to offer investors a straightforward way to gain exposure to Ethereum through the securities market without dealing directly with cryptocurrency. The SEC's notice seeks public comments and explains how these options will be managed, including details about position and exercise limits set to prevent market manipulation. The proposed rule change aims to enhance market competitiveness and transparency by providing investors with an additional, cost-effective way to invest in Ethereum-based ETFs.

    Simple Explanation

    Imagine a big playground where people trade toys like they trade real money and things called "cryptocurrencies," like magic beans named Ethereum, without having to buy the beans themselves. The people in charge want to change the rules to let folks trade pretend versions of these magic beans using special toys called "options," so they asked everyone what they think about this idea to make sure everything stays fair and fun.

  • Type:Notice
    Citation:90 FR 9765
    Reading Time:about 32 minutes

    The Securities and Exchange Commission has shared a proposed rule change by NYSE Arca, Inc. to alter the limits for options on the Grayscale Bitcoin Trust (GBTC). Specifically, it aims to increase the position and exercise limits from 25,000 to 250,000 contracts, and to allow GBTC options to trade as Flexible Exchange Options (FLEX Options). The proposal is intended to boost market activity by enabling larger trades, improve competition against over-the-counter markets, and offer new trading tools similar to existing options on ETFs like gold and silver shares. The Commission is inviting public comments on this proposed change.

    Simple Explanation

    The Securities and Exchange Commission is thinking about letting people trade more options on a Bitcoin trust, kind of like trading cards, so they can trade up to 250,000 at once instead of just 25,000. This change could make trading more exciting by giving people more ways to trade, similar to other well-known options on gold and silver.

  • Type:Notice
    Citation:89 FR 101654
    Reading Time:about 57 minutes

    The Securities and Exchange Commission (SEC) is considering a proposal from NYSE Arca, Inc., to list and trade shares of a new exchange-traded fund (ETF), which will hold bitcoin and ether, the two most popular cryptocurrencies. Known as the Bitwise Bitcoin and Ethereum ETF, this fund aims to reflect the value of bitcoin and ether based on daily price benchmarks, with the goal of giving investors exposure to these cryptocurrencies without directly owning them. The SEC invites public comments on this proposal as part of its evaluation process.

    Simple Explanation

    The SEC is thinking about a plan to let people buy and sell a special kind of stock that is linked to the value of Bitcoin and Ethereum without actually owning those digital coins. This means folks can invest in these cryptocurrencies like they do in regular stocks.

  • Type:Notice
    Citation:89 FR 106630
    Reading Time:about 32 minutes

    The Securities and Exchange Commission has issued a notice about a proposed rule change by NYSE Arca, Inc. This rule aims to replace the Discretionary Pegged Order with a new order type called the Selective Midpoint Order (SeMi Order). The SeMi Order will use a machine-learning model to improve price protection during volatile market conditions. This proposed change seeks to enhance the flexibility and functionality of trading strategies for market participants while maintaining fair and open market practices.

    Simple Explanation

    The Securities and Exchange Commission has announced a new plan to change how some stock orders work using a smart robot helper to make it easier to buy and sell stocks when the market gets bumpy. This new plan is meant to make trading fairer and more flexible for everyone.

  • Type:Notice
    Citation:90 FR 13953
    Reading Time:about 66 minutes

    NYSE Arca, Inc. has submitted a proposal to the Securities and Exchange Commission to list and trade shares of the COtwo Advisors Physical European Carbon Allowance Trust, which would allow investors to gain exposure to the European Union's carbon emissions market. This trust intends to invest solely in European Union Carbon Emission Allowances and is designed as a cost-effective way for investors to participate in the market. The proposal highlights various mechanisms to ensure transparency and prevent fraud, including surveillance-sharing arrangements with regulated markets like ICE Endex. The SEC is inviting public comments on this proposal before making a decision.

    Simple Explanation

    NYSE Arca wants to let people buy and sell shares in a special "trust" that invests in a type of pollution credits from Europe, which helps companies limit how much they pollute. This trust needs approval from a big government group and aims to make it easier and cheaper for people to be part of fighting pollution.

  • Type:Notice
    Citation:90 FR 11855
    Reading Time:about 59 minutes

    NYSE Arca filed a proposed rule change with the Securities and Exchange Commission (SEC) to list and trade shares of the Bitwise Bitcoin and Ethereum ETF. This ETF, managed by Bitwise Investment Advisers, aims to provide exposure to bitcoin and ether based on their market capitalizations. The SEC will review this proposal within either 45 or 90 days to ensure compliance and fraud prevention. If the ETF is approved, it will trade under specific rules for monitoring, valuation, and trading halts on the NYSE Arca Exchange.

    Simple Explanation

    NYSE Arca wants to allow people to buy and sell a new kind of investment called an ETF that includes bitcoin and ether, which are special digital coins. The plan is being checked to make sure it's safe and fair for everyone.

  • Type:Notice
    Citation:86 FR 7135
    Reading Time:about 10 minutes

    The Securities and Exchange Commission has published a notice regarding a proposed rule change submitted by NYSE Arca, Inc. This change involves updating the fee schedule by eliminating charges and credits related to Self Trade Prevention Modifiers and Market Data Revenue Sharing Credits, as both have become obsolete. The proposal is intended to streamline the fee schedule for clarity and does not introduce any new fees. The SEC invites public comments on this proposal, encouraging interested individuals to submit their opinions by February 16, 2021.

    Simple Explanation

    NYSE Arca, a company that helps people buy and sell stocks, wants to make its rule book simpler by taking out some old fees and credits that aren't needed anymore. The people in charge want to know what others think, so they've asked for comments.