Search Results for keywords:"trading shares"

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2025-04225 — 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 Solana Trust Under NYSE Arca Rule 8.201-E, Commodity-Based Trust Shares
March 17, 2025
Type:Notice
Citation:90 FR 12410
Reading Time:about 2 minutes
NYSE Arca, Inc. submitted a request to the Securities and Exchange Commission (SEC) to list and trade shares of the Grayscale Solana Trust. They made an amendment to their proposal, and as a result, the SEC is extending its review period due to the complexity of the issues involved. The new deadline for the SEC to make a decision on whether to approve or disapprove the proposal is set for May 13, 2025. This extension will allow the SEC additional time to consider the details of the proposed changes.
Simple Explanation
Imagine that a store wants to start selling a new kind of toy called "Grayscale Solana Trust." The group in charge of making sure this is safe and okay, called the SEC, needs more time to decide if it's alright for the store to sell these toys. So, they're taking a longer time to look at all the details until May 13, 2025, to make sure everything is okay for the people who want to buy them.
2025-04165 — 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 XRP Trust Under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares)
March 17, 2025
Type:Notice
Citation:90 FR 12408
Reading Time:about 2 minutes
On January 30, 2025, NYSE Arca, Inc. proposed a rule change with the Securities and Exchange Commission (SEC) to list and trade shares of the Grayscale XRP Trust. They later modified this proposal with an amendment on February 10, 2025. The SEC needed more time to consider this proposed change and decided to extend the deadline for their decision to either approve or reject it until May 21, 2025. This extension allows the SEC to thoroughly evaluate the proposal and any related concerns.
Simple Explanation
NYSE Arca wants to have a new type of stock related to XRP, and the SEC (which is like the rule-checkers for stocks) needs more time to decide if that's okay, so they will think about it until May 21, 2025. This extra time helps them make sure everything is safe and fair.

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