The Nasdaq Stock Market LLC filed a proposed rule change with the Securities and Exchange Commission (SEC) to update details regarding service providers and the basket size for the Hashdex Nasdaq Crypto Index US ETF. This rule change is intended to align with the Trust’s registration statement and does not significantly impact investor protection or competition. The SEC waived the usual 30-day delay, allowing the new rule to take effect immediately. Public comments can be submitted online or by mail, and the deadline for commenting is February 25, 2025.
Simple Explanation
The Nasdaq Stock Market is making a quick change to some rules about a crypto-related fund to match with their listed plans, and the SEC is letting it happen right away without the usual wait time. People can tell the SEC what they think about it until February 25, 2025.