Search Results for keywords:"price manipulation"

Cboe BZX Exchange, Inc. has submitted a proposal to the Securities and Exchange Commission (SEC) to list and trade shares of the 21Shares Core Solana ETF under their specific rules for Commodity-Based Trust Shares. The primary goal is to give investors regulated access to Solana, a popular cryptocurrency. Cboe argues that trading Solana in this way can limit risks for investors typically exposed to through unregulated digital asset platforms. The proposal emphasizes that Solana's design makes it challenging to manipulate its price, aiming to address concerns about fraud and investor protection.

The Cboe BZX Exchange, Inc. has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to list and trade shares of the VanEck Solana Trust under BZX Rule 14.11(e)(4). This rule pertains to Commodity-Based Trust Shares. The Exchange suggests that Solana (SOL) is resistant to price manipulation and highlights the regulation's aim to create a safer and more transparent investment option for U.S. investors, addressing manipulation concerns and ensuring compliance with the Act. The SEC invites public comments on this proposal before making a decision to approve or disapprove it.

The Securities and Exchange Commission received a proposed rule change from the Cboe BZX Exchange, Inc. to list and trade shares of the 21Shares Core XRP Trust. This trust focuses on XRP, a digital asset intended for fast and low-cost transactions, different from other cryptocurrencies like Bitcoin and Ethereum. The proposal argues that XRP is less prone to price manipulation and offers ample protection for investors by securing assets in segregated accounts. The SEC is seeking public comments on this proposal to assess its compliance with regulatory standards, evaluating if it prevents fraud and protects investors before a final decision.

The Securities and Exchange Commission received a proposed rule change from the Cboe BZX Exchange, Inc. to list and trade shares of the Franklin Solana ETF. This ETF will allow investors to invest in Solana, a type of digital cryptocurrency, on a regulated exchange. The proposal argues that the Solana market is large and diverse enough to prevent price manipulation, similar to how Bitcoin and Ether have been treated. The ETF aims to provide a safer, more transparent option for investors interested in Solana, reducing risks associated with price volatility and high management fees found in less regulated markets.

The Securities and Exchange Commission is reviewing a proposal by Cboe BZX Exchange, Inc. to list and trade shares of the Fidelity Solana Fund. This fund will invest in Solana, a type of cryptocurrency, without needing a surveillance-sharing agreement with a market of significant size for monitoring. The proposal aims to offer U.S. investors a transparent and regulated option to invest in Solana, possibly reducing risks like price manipulation and high management fees. The SEC is seeking comments from the public and plans to decide on approval within 90 days.