XRP Trust Trading Waits Longer Under SEC's Careful Eye
Published Date: 3/17/2025
Notice
Summary
The SEC is taking extra time to review Cboe BZX Exchange’s plan to list and trade shares of the Canary XRP Trust, a new crypto-based investment. This affects investors interested in trading these shares and means a decision will come by May 26, 2025, instead of April 11. No money changes yet, just more time to make sure everything’s safe and sound.
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Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Decision on Canary XRP Trust Delayed
The SEC has extended its review of Cboe BZX’s proposal to list and trade shares of the Canary XRP Trust. The decision date is moved from April 11, 2025 to May 26, 2025, and the notice says no changes to money or trading have happened yet while the SEC takes extra time to review.
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