Search Results for keywords:"Solana investment"

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Search Results: keywords:"Solana investment"

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  • 2025-06033 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Shares of the Fidelity Solana Fund, Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
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    Type:Notice
    Citation:90 FR 15266
    Reading Time:about 47 minutes

    The Securities and Exchange Commission is reviewing a proposal by Cboe BZX Exchange, Inc. to list and trade shares of the Fidelity Solana Fund. This fund will invest in Solana, a type of cryptocurrency, without needing a surveillance-sharing agreement with a market of significant size for monitoring. The proposal aims to offer U.S. investors a transparent and regulated option to invest in Solana, possibly reducing risks like price manipulation and high management fees. The SEC is seeking comments from the public and plans to decide on approval within 90 days.

    Simple Explanation

    The government is thinking about letting a company called Cboe BZX Exchange sell special shares that let people invest in a type of digital money called Solana. They want people to safely invest without worrying about sneaky tricks, and are asking everyone if they think it's a good idea.

  • 2025-04505 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To List and Trade Shares of the Franklin Solana ETF Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
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    Type:Notice
    Citation:90 FR 12824
    Reading Time:about 61 minutes

    The Securities and Exchange Commission received a proposed rule change from the Cboe BZX Exchange, Inc. to list and trade shares of the Franklin Solana ETF. This ETF will allow investors to invest in Solana, a type of digital cryptocurrency, on a regulated exchange. The proposal argues that the Solana market is large and diverse enough to prevent price manipulation, similar to how Bitcoin and Ether have been treated. The ETF aims to provide a safer, more transparent option for investors interested in Solana, reducing risks associated with price volatility and high management fees found in less regulated markets.

    Simple Explanation

    There is a plan to let people buy and sell a special type of money called Solana, like how they can buy shares in a company, but on a safe and watched-over marketplace. This aims to make it easier and safer for people who want to use their money to bet on Solana's value going up or down without big risks.