XRP Trading Dreams Delayed: SEC Extends WisdomTree Fund Review
Published Date: 3/17/2025
Notice
Summary
The SEC is taking more time to decide if the Cboe BZX Exchange can list and trade shares of the WisdomTree XRP Fund, a new crypto-based investment. This delay means investors and the exchange will wait until May 27, 2025, for a final yes or no. It’s all about making sure the decision is solid and fair before any money changes hands.
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Previous: 2025-04186, 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. 2, To List and Trade Shares of the Grayscale Cardano Trust (ADA) Under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares)
The SEC is taking more time to decide if NYSE Arca can list and trade shares of the Grayscale Cardano Trust (ADA), a new crypto-based investment. This affects investors interested in ADA and could open up fresh trading options once approved. The decision deadline is now extended past April 14, 2025, so stay tuned for updates that might impact your crypto portfolio.
Next: 2025-04188, Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of Amendment No. 1 to a Proposed Rule Change To Amend BZX Rule 14.11(l) To Permit the Generic Listing and Trading of Multi-Class ETF Shares
Cboe BZX Exchange wants to update its rules to allow the easy listing and trading of Multi-Class ETF shares, which are special investment funds with different types of shares. This change affects investors and fund managers by making these ETFs more accessible and tradable on the exchange. The SEC is reviewing the update and asking for public feedback before making a final decision, so keep an eye out for upcoming deadlines!