Search Results for keywords:"Nasdaq Rule 5711(d)"

The Nasdaq Stock Market LLC has filed a proposal to list and trade shares of the Grayscale Hedera Trust (HBAR) under Nasdaq Rule 5711(d), which governs commodity-based trust shares. The trust holds HBAR, the native token of the Hedera Network, and aims to provide investors with an easy way to gain exposure to this digital asset. The document details the trust's operation, including the issuance and redemption of shares, the pricing index associated with HBAR, and measures to prevent fraud and ensure secure trading. The proposal also discusses oversight agreements intended to prevent manipulation and ensure fair trading practices.

The Securities and Exchange Commission (SEC) received a proposed rule change from The Nasdaq Stock Market LLC to list and trade shares of the Grayscale Polkadot Trust under Nasdaq Rule 5711(d). This trust will hold and manage Polkadot tokens, offering an investment avenue without direct ownership of the digital currency. The proposed rule includes measures to prevent fraud and manipulation, and outlines how the shares will be created, traded, and redeemed. The SEC is reviewing the proposal and inviting public comments for potential approval or disapproval.

Nasdaq has filed a proposal with the Securities and Exchange Commission (SEC) to list and trade shares of the 21Shares Polkadot Trust under Nasdaq Rule 5711(d), which deals with Commodity-Based Trust Shares. The trust aims to track the performance of Polkadot (DOT) without directly holding the cryptocurrency, allowing investors to access the market indirectly through traditional brokerage accounts. As part of its investment strategy, the trust will not use leverage or derivatives and will be managed by 21Shares US LLC. The SEC is seeking comments from the public on this proposed rule change, which must be approved to ensure it aligns with regulations designed to protect investors and prevent fraudulent activities.

Nasdaq Stock Market LLC filed a proposed rule change with the SEC to list and trade shares of the CoinShares Litecoin ETF under Nasdaq Rule 5711(d), which focuses on Commodity-Based Trust Shares. The CoinShares Litecoin ETF will allow investors to gain exposure to Litecoin, a digital currency. The proposal outlines how the ETF will operate, including its investment objective, valuation, and security measures for safeguarding the digital currency. The SEC is seeking public comments on this proposed rule change before making a decision to approve or disapprove it.

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.

The Securities and Exchange Commission (SEC) has received a proposed rule change from The Nasdaq Stock Market LLC to list and trade shares of the Canary Litecoin ETF. This ETF will be based on Coinbase's Litecoin futures and will operate under Nasdaq's Rule 5711(d) for Commodity-Based Trust Shares. The Trust will use CoinDesk's Litecoin Price Index to calculate the net asset value of the ETF, although it will not utilize a surveillance-sharing agreement with a large regulated market. The SEC is seeking public comments on this proposal before making a decision on approval.