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The Securities and Exchange Commission (SEC) has received a proposal from The Nasdaq Stock Market LLC to list and trade shares of the Canary HBAR ETF under its Commodity-Based Trust Shares rules. The ETF is designed to track the performance of the HBAR cryptocurrency, a native asset of the Hedera Network, through a trust that holds only HBAR and cash. Canary Capital Group LLC sponsors the trust, and the ETF aims to offer exposure to HBAR by following the CoinDesk Hedera USD CCIX 30min NY Rate for pricing. The SEC is seeking public comments on this proposal to evaluate whether it complies with federal regulations and effectively prevents fraud and manipulation.

The Securities and Exchange Commission has announced a proposed rule change to allow Nasdaq to list and trade shares from the Grayscale Avalanche Trust (AVAX) under its rules for Commodity-Based Trust Shares. These shares will let investors indirectly invest in AVAX, a cryptocurrency from the Avalanche Network, similar to how they might invest in other commodities like gold. The Trust will not be actively managed, and the value of its shares will reflect the value of the AVAX it holds, minus associated expenses. The proposal also includes measures to prevent fraud and manipulation, despite AVAX's market not being primarily regulated.

The Department of Defense, General Services Administration, and NASA issued a final rule altering the Federal Acquisition Regulation. This change aligns with the National Defense Authorization Act for Fiscal Year 2016, requiring individual sureties to pledge specific U.S. Government-backed assets as security for bonds, enhancing the protection against default. Public comments showed strong support for the rule, citing its benefits in fraud prevention and protection of subcontractors and suppliers in federal construction projects. The rule also aims to streamline the procurement process without significantly impacting small businesses' access to bonding.

The Financial Industry Regulatory Authority (FINRA) has proposed changes to its arbitration process to enhance the fairness and efficiency of selecting arbitrators. The new rules would give non-chair-qualified public arbitrators more opportunities to be selected and improve the list selection process's transparency. The proposal also introduces clear timelines for removing arbitrators and aligns rules with existing practices, ensuring better protection of investors and public interest by making the arbitration process more predictable and equitable. The Securities and Exchange Commission is inviting the public to comment on these proposed changes.

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.

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.

The Securities and Exchange Commission (SEC) is considering a proposed rule change submitted by The Nasdaq Stock Market LLC. This proposal aims to introduce a new rule, Nasdaq Rule 5712, which would allow the listing and trading of investment products based on commodities and digital assets. Specifically, the rule would facilitate the listing and trading of shares in the Hashdex Nasdaq Crypto Index US ETF. The SEC is inviting comments from the public on this proposed change to ensure it aligns with regulatory standards and protects investors.

The Securities and Exchange Commission (SEC) has announced that the Cboe BZX Exchange, Inc. has proposed a rule change to list and trade shares of the Bitwise XRP ETF under its Commodity-Based Trust Shares rules. The ETF aims to track the performance of XRP, a digital asset used for fast and low-cost cross-border payments. The proposal is designed to prevent fraud and manipulation while protecting investors, mirroring previous approvals for similar ETFs based on Bitcoin and Ethereum. The SEC is currently seeking public comments on this proposal before deciding on its approval.

The Securities and Exchange Commission (SEC) received a proposed rule change from MIAX PEARL, LLC, to allow trading options on three Ethereum-related funds: the Grayscale Ethereum Trust, the Grayscale Ethereum Mini Trust, and the Bitwise Ethereum ETF. This proposal comes as a response to similar competitive offerings approved by the NYSE American. MIAX Pearl argues that these changes will offer investors a lower-cost tool for managing risks and gaining exposure to Ethereum prices. The SEC aims to ensure this new trading option is in line with its rules designed to prevent fraud and maintain fair trading practices.

On February 4, 2025, Nasdaq PHLX LLC filed a proposal with the Securities and Exchange Commission (SEC) to introduce Nasdaq Bitcoin Index Options, which will track the price of bitcoin using the CME CF Bitcoin Real Time Index. These options will be cash-settled and follow European-style exercise rules, allowing investors to receive U.S. dollars based on the difference between the current bitcoin spot market price and the option's exercise price. The proposal aims to offer investors a new, flexible way to manage their investments related to bitcoin, and it will be subject to existing Exchange trading rules, including surveillance measures to prevent fraudulent activities. The SEC is seeking public comments on this proposal before making a decision.