Type:Notice
Citation:90 FR 17987
Reading Time:about 2 minutes
The Nasdaq Stock Market submitted a proposal to the Securities and Exchange Commission (SEC) on February 21, 2025, to list and trade shares of the Canary HBAR ETF. The original filing was updated with an Amendment No. 1 on March 4, 2025. This proposed rule change was published in the Federal Register on March 13, 2025. Although the SEC usually has 45 days to decide on such proposals, they have extended this period to June 11, 2025, to allow more time for review.
Simple Explanation
The Nasdaq wants to start trading a new item called the Canary HBAR ETF, but the people who watch over these things need more time to look at it, so they have until June 11, 2025, to decide.