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2025-03231 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change, as Modified by Amendment No. 2, To List and Trade Shares of the Grayscale Cardano Trust (ADA) Under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares)
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February 28, 2025
Type:Notice
Citation:90 FR 10964
Reading Time:about 86 minutes
On February 10, 2025, NYSE Arca, Inc. submitted a proposal to the Securities and Exchange Commission to list and trade shares of the Grayscale Cardano Trust (ADA) under the exchange's commodity-based trust regulations. This proposal, updated by a second amendment on February 20, 2025, outlines the purpose and operation of the trust, emphasizing the roles of entities like Grayscale Investments and Coinbase Custody. The Cardano Trust functions by holding Cardano (ADA) digital assets and is designed as a cost-effective way for investors to gain exposure to ADA without holding the asset directly. The proposal includes details on the Cardano network, the trust's operation, rules for creating and redeeming trust shares, and the security protocols for storing digital asset keys.
Simple Explanation
Imagine a new toy that lets you pretend to have and play with a special kind of shiny coin called Cardano, but instead of holding the coin, you just play with a tiny picture of it. A group is asking for permission to let people play with these toy coins in a fun and safe way, using special rules to make sure everything goes smoothly.
2025-03077 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Shares of the COtwo Advisors Physical European Carbon Allowance Trust Under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares)
February 26, 2025
Type:Notice
Citation:90 FR 10738
Reading Time:about 2 minutes
The Securities and Exchange Commission (SEC) is reviewing a rule change proposed by NYSE Arca, Inc. to list and trade shares of the COtwo Advisors Physical European Carbon Allowance Trust. This proposal was initially published for comment in the Federal Register on September 5, 2024, and involves trading under NYSE Arca Rule 8.201-E for Commodity-Based Trust Shares. The SEC has extended the deadline to decide on the approval of the proposal, as modified by Amendment No. 1, to May 3, 2025, because it needs more time to consider the details. This extension falls within the SEC's regulatory framework that allows a total time period of 240 days from the initial publication to make their final decision.
Simple Explanation
The SEC is taking extra time until May 2025 to decide if NYSE Arca can list a special type of stock that is connected to carbon allowances, which help reduce pollution. They need a bit more time to think it over carefully.
2025-04185 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Shares of the Grayscale Litecoin Trust Under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares)
March 17, 2025
Type:Notice
Citation:90 FR 12425
Reading Time:about 2 minutes
The Securities and Exchange Commission (SEC) is reviewing a proposed rule change submitted by NYSE Arca, Inc. This rule change involves listing and trading shares of the Grayscale Litecoin Trust under NYSE Arca Rule 8.201-E, which concerns Commodity-Based Trust Shares. Although typically the SEC has a 45-day period to approve or disapprove such proposals, they have decided to extend this period to ensure thorough consideration of the issues involved. The new deadline for the SEC's decision is set for May 13, 2025.
Simple Explanation
The SEC is taking more time to decide if a special kind of stock, called the Grayscale Litecoin Trust, can be bought and sold on a stock exchange run by NYSE Arca. They want to make sure they understand everything before making up their minds, so they're deciding later than planned.

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