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

Các bài viết khác được xuất bản trên 23 thg 4, 2024

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

Vitalik Buterin gives 4 Financial Advice

Ripple Officially Opposes Sec’s $2 Billion Fine in Ongoing XRP Lawsuit

SEC pursues over $5 billion penalty against Do Kwon and Terraform Labs

Iskra Gears Up for Global Expansion with Strategic Investment from Animoca Brands

Polkadot’s PINK Community Coin Debuts on March 21st

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!