SEC Delays Decision on Nasdaq Crypto ETF Listing
Published Date: 9/3/2025
Notice
Summary
The SEC is taking more time to decide if Nasdaq can update its rules to list and trade shares of the new Hashdex Nasdaq Crypto Index US ETF, a fund tied to crypto assets. This affects investors interested in crypto ETFs and could open new trading options once approved. The decision delay means more review before any money moves or trades happen.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Proposal to List a Crypto ETF
Nasdaq filed a proposal (filed Feb 18, 2025; Amendment No. 2 filed July 3, 2025) to amend Nasdaq Rule 5711(i) (Trust Units) so it can list and trade shares of the Hashdex Nasdaq Crypto Index US ETF. If approved, the rule change would permit Nasdaq to list and trade that ETF under the amended Rule 5711(i).
SEC Extends Review Deadline 60 Days
The Securities and Exchange Commission extended the period for deciding whether to approve or disapprove the proposed rule change by an additional 60 days and designated November 2, 2025, as the new date for issuing an order. The original 180-day review period after publication would have ended on September 3, 2025.
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