Ethereum

Franklin

The U.S. Securities and Exchange Commission (SEC) announced a delay in its decision on a proposed rule change for listing and trading shares of the Franklin Ethereum ETF, a series of the Franklin Ethereum Trust. 
The SEC has established a longer deadline for commission determination under BZX Rule 14.11(E)(4) regarding Commodity-Based Trust Shares. 
BZX Rule 14.11(E)(4), also known as the Commodity-Backed Trust Shares rule, is defined as a regulation established by the Cboe BZX Exchange. This rule is a regulation regarding the issuance of a certain aggregate minimum number of securities by a trust in exchange for the deposit of a quantity of the underlying commodity for the ETF. 
When these securities are collected in the same minimum number, they can be repurchased by the trust at the owner's request, and the trust will then deliver the underlying commodity to the owner who sells the asset back. 
At its core, BZX Rule 14.11(E)(4) is designed to ensure fair trading practices and protect investors in the context of commodity-backed trust shares. 
Franklin Templeton, a company that owns a Bitcoin Spot ETF, applied for an Ethereum Spot ETF in February. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/breaking-sec-delays-franklin-ethereum-etf-application-here-are-the-details/">BREAKING: SEC Delays Franklin Ethereum ETF Application – Here Are The Details</a>

BREAKING: SEC Delays Franklin Ethereum ETF Application – Here Are The Details

Bitcoin Sistemi EN

Altri articoli pubblicati su 23 apr 2024

Bitcoin Spot ETFs NOT APPROVED Yet!!! – SEC Twitter Account Hacked

ICP Price Prediction: UP +150% in 1 Month… Internet Computer Price To reach $25?

SEC Prosecutors Resign Amid Allegations of Misconduct in DEBT Box Case

There is a near-record number of wallets with XRP balances exceeding 1 million.

HeLa Incentivized Testnet Launch Marks a New Innovation for Modular Blockchain Layer 1

Pixelmon Airdrop: Your Ultimate Guide to Earning $MON

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!