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2025-03886 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Introduce Functionality To Initiate a Trading Halt for Exchange-Traded Products on Launch Day
March 12, 2025
Type:Notice
Citation:90 FR 11866
Reading Time:about a minute or two
The Securities and Exchange Commission (SEC) is considering a proposed rule change submitted by The Nasdaq Stock Market LLC. This change would allow for a trading halt on the launch day of new Exchange-Traded Products, similar to what happens during initial public offerings. The proposal was initially published on February 20, 2025. The SEC is extending the time to make a decision on this matter to ensure they have enough time to consider it thoroughly, setting May 21, 2025, as the new deadline to either approve, disapprove, or seek further proceedings on the change.
Simple Explanation
The SEC is thinking about a new rule for Nasdaq so that they can pause trading when a new product is launched, just like with new company stocks. They've decided to take more time to make sure they understand everything before deciding, so they'll decide by May 21, 2025.
2025-03072 — Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change Regarding Position and Exercise Limits and Flexible Exchange Options for iShares Bitcoin Trust ETF
February 26, 2025
Type:Notice
Citation:90 FR 10738
Reading Time:about a minute or two
Nasdaq ISE, LLC submitted a proposed rule change to the Securities and Exchange Commission (SEC) concerning position and exercise limits and Flexible Exchange Options for iShares Bitcoin Trust ETF. This proposed change was announced in the Federal Register on January 6, 2025. By law, the SEC must decide on the proposed rule change within 45 days, but it has chosen to extend this period to ensure thorough consideration. As a result, the SEC aims to make a final decision by April 6, 2025.
Simple Explanation
The government is taking more time to think about a new rule for trading bitcoin in a special way, to make sure they get it right. They want to decide by April 6, 2025, to keep everything fair and safe.
2025-04230 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Shares of the Bitwise XRP ETF Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
March 17, 2025
Type:Notice
Citation:90 FR 12426
Reading Time:about a minute or two
The Securities and Exchange Commission (SEC) is extending the time to make a decision on a proposed rule change by the Cboe BZX Exchange, Inc. to list and trade shares of the Bitwise XRP ETF. The rule change was initially published for public comment on February 24, 2025, and the SEC has moved the deadline to either approve or disapprove the proposal to May 25, 2025. This extension gives the SEC more time to consider the details and issues related to the proposed rule change.
Simple Explanation
The people in charge of rules for buying and selling things on the Cboe BZX Exchange need more time to decide if a special new way to buy and sell something called the Bitwise XRP ETF is okay to use. They moved the deadline from February to May so they can think about it more.
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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