Type:Notice
Citation:90 FR 12424
Reading Time:about a minute or two
The Securities and Exchange Commission (SEC) has announced a longer review period for a proposed rule change filed by Cboe BZX Exchange, Inc. This change would allow the listing and trading of shares of the Canary Solana Trust under the Commodity-Based Trust Shares category. The SEC has extended the decision deadline to May 19, 2025, to have more time to review the proposal and the issues it raises. This announcement was made under the authority of the Division of Trading and Markets.
Simple Explanation
The SEC is taking more time, until May 19, 2025, to think about whether a company can sell special types of shares called Canary Solana Trust shares, so they can make sure everything is just right.