Search Results for citation:"89 FR 95253"

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Search Results: citation:"89 FR 95253"

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2024-28104 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Options 9, Section 13, Position Limits, and Options 8, Section 34, FLEX Trading, Regarding Options on the Fidelity Wise Origin Bitcoin Fund, the ARK21Shares Bitcoin ETF, the Grayscale Bitcoin Trust (BTC), the Grayscale Bitcoin Mini Trust BTC, and the Bitwise Bitcoin ETF
December 02, 2024
Type:Notice
Citation:89 FR 95253
Reading Time:about 12 minutes
The Securities and Exchange Commission is reviewing a proposed rule change by Nasdaq PHLX LLC regarding options on several Bitcoin-related funds, such as the Fidelity Wise Origin Bitcoin Fund and the Grayscale Bitcoin Trust. The rule change aims to set position and exercise limits for these options at 25,000 contracts, mirroring limits already in place on other exchanges. Additionally, the Exchange has decided not to allow FLEX options for these Bitcoin Trusts to ensure consistent limits across different platforms. The proposal is designed to align with existing market standards, safeguard investors, and uphold fair trading practices.
Simple Explanation
There's a plan to change some rules about trading on special types of Bitcoin funds. These rules will make sure people can only trade a certain amount of these options, just like on other markets, to keep it fair for everyone.
2024-28193 — Callodine Specialty Income Fund and Callodine Capital Management, LP
December 02, 2024
Type:Notice
Citation:89 FR 95253
Reading Time:about 2 minutes
The Securities and Exchange Commission (SEC) has issued a notice regarding an application filed by Callodine Specialty Income Fund and Callodine Capital Management, LP. The application seeks an exemption from certain sections of the Investment Company Act of 1940 to allow registered closed-end investment companies to offer multiple classes of shares, alongside asset-based distribution and service fees, as well as early withdrawal charges. If the SEC does not order a hearing, an order granting the exemptions will be issued. Interested parties have until December 20, 2024, to request a hearing or be informed about one.
Simple Explanation
The SEC is thinking about letting a company called Callodine have special rules for how they sell and manage their investment products, but people have until December 20, 2024, to say if they want a meeting to talk about it.

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