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2025-04182 — 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 VanEck Solana Trust Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
March 17, 2025
Type:Notice
Citation:90 FR 12427
Reading Time:about a minute or two
The U.S. Securities and Exchange Commission (SEC) has extended the time period to decide on a proposed rule change by Cboe BZX Exchange, Inc. This rule change aims to allow the listing and trading of shares of the VanEck Solana Trust under BZX Rule 14.11(e)(4), related to Commodity-Based Trust Shares. Originally, the SEC had until April 4, 2025, to make a decision, but it has now extended the deadline to May 19, 2025, to ensure thorough consideration of the proposal.
Simple Explanation
The government is taking more time to decide if a certain kind of stock, called the VanEck Solana Trust, can be bought and sold on a special market. They want to make sure they make the right choice, so they need until May 19, 2025, to think about it.
2025-04184 — 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 21Shares Core Solana ETF Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
March 17, 2025
Type:Notice
Citation:90 FR 12374
Reading Time:about a minute or two
The Securities and Exchange Commission (SEC) has extended the time period to make a decision on a proposed rule change filed by Cboe BZX Exchange, Inc. This proposal involves the listing and trading of shares for the 21Shares Core Solana ETF under specific exchange rules. Initially set for a decision by April 4, 2025, the SEC believes more time is needed to consider the details and implications, so they have extended the decision deadline to May 19, 2025. This allows the SEC additional time to evaluate whether to approve, disapprove, or begin further proceedings regarding the rule change.
Simple Explanation
The SEC needs more time to decide if a special rule to let people buy and sell shares of a company that invests in Solana, a kind of digital money, should be allowed. They've pushed back their decision date from April to May so they can think about it more.
2025-04232 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Shares of the CoinShares XRP ETF Under Nasdaq Rule 5711(d)
March 17, 2025
Type:Notice
Citation:90 FR 12422
Reading Time:about a minute or two
The Securities and Exchange Commission (SEC) is reviewing a proposal from the Nasdaq Stock Market LLC to list and trade shares of the CoinShares XRP ETF under Nasdaq Rule 5711(d). The rule change was initially filed on February 7, 2025, and published for public comment on February 25, 2025. The SEC has decided to extend the time for its decision to May 26, 2025, in order to allow more time to consider the proposal. This extension means the SEC will decide whether to approve, disapprove, or further investigate the rule change by the new deadline.
Simple Explanation
The SEC is taking more time to think about a new plan by Nasdaq to let people buy and sell shares of a special fund called CoinShares XRP ETF. They will decide what to do by May 26, 2025.
2025-04346 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, To List Options on the Fidelity Ethereum Fund
March 18, 2025
Type:Notice
Citation:90 FR 12577
Reading Time:about a minute or two
On January 24, 2025, the Cboe BZX Exchange, Inc. filed a proposal with the Securities and Exchange Commission (SEC) to list options on the Fidelity Ethereum Fund. The proposal, which was modified with Amendment No. 1, was published for public comment on February 13, 2025, but received no feedback. The SEC, needing more time to review the proposal, extended the deadline for its decision to either approve, disapprove, or start proceedings regarding the proposal from March 30, 2025, to May 14, 2025.
Simple Explanation
The SEC needs more time to decide if people can trade special bets, called options, on a fund that deals with Ethereum, a type of computer money, so they pushed back the deadline to say “yes” or “no” until May.

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