Type:Notice
Citation:90 FR 12410
Reading Time:about a minute or two
The Securities and Exchange Commission (SEC) is considering a rule change proposed by the Cboe BZX Exchange, Inc.. The change involves listing and trading shares of the WisdomTree XRP Fund. The SEC has decided to extend the time they have to make a decision on this proposal to May 27, 2025, to ensure they can fully evaluate the details and any raised issues. This extension allows the SEC to assess whether to approve, disapprove, or start proceedings on disapproval of the proposed rule change.
Simple Explanation
The SEC needs more time to decide if a special kind of fund, called the WisdomTree XRP Fund, can be traded on a stock exchange. They're taking extra time until May 27, 2025, to make sure they understand everything about it first.