Search Results for keywords:"surveillance-sharing agreement"

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Search Results: keywords:"surveillance-sharing agreement"

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  • 2025-03033 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of Proposed Rule Change To List and Trade Shares of the CoinShares Litecoin ETF Under Nasdaq Rule 5711(d)
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    Type:Notice
    Citation:90 FR 10656
    Reading Time:about 40 minutes

    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.

    Simple Explanation

    Nasdaq wants to offer a way for people to invest in Litecoin, a type of digital money, by creating something like a "Litecoin fund" that people can buy shares of; the government is checking if this is a good idea and wants people to share their thoughts.

  • 2025-02152 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of Proposed Rule Change To List and Trade Shares of the Canary Litecoin ETF Under Nasdaq Rule 5711(d)
    💰
    Type:Notice
    Citation:90 FR 8949
    Reading Time:about 38 minutes

    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.

    Simple Explanation

    Nasdaq wants to let people buy and sell pieces of something called a Canary Litecoin ETF, which is like a special kind of pretend money based on a digital coin called Litecoin. The people in charge want to make sure it’s safe and not a trick, so they are asking everyone to tell them what they think before they decide if it's okay.