The Securities and Exchange Commission is considering a rule change proposal by the Cboe BZX Exchange, Inc. to list and trade shares of the BondBloxx Private Credit Trust under its specified rules. This proposal was initially published on December 30, 2024, and the SEC received no public comments on it. The SEC has extended its review period, now deciding the proposal's fate by March 30, 2025, instead of the original February deadline, to allow for more comprehensive consideration.
Simple Explanation
The people who make rules for trading stocks are thinking about a new kind of money-sharing plan called the BondBloxx Private Credit Trust. They need more time, until March 30, 2025, to decide if it's okay to let people trade this on the stock market because they want to think very carefully about it.