NYSE submits 8.800-E rule change and Grayscale Digital Large Cap Fund listing application to SEC
NYSE Arca has submitted an application to the US Securities and Exchange Commission (SEC) to adopt new rule 8.800-E, which will allow for the listing and trading of investment products based on commodities and digital assets. At the same time, the exchange specifically proposed to list and trade shares of Grayscale's Digital Large Cap Fund based on this new rule.
Previously, it was reported that on October 15th, Grayscale applied to the US Securities and Exchange Commission to convert its digital large-cap fund into an ETF, which is mainly composed of Bitcoin (accounting for nearly 75%) and Ethereum (accounting for approximately 19%), with the remaining including SOL, XRP, and AVAX.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Sony shuts down Concord’s developer Firewalk Studios
Share link:In this post: Sony is closing down the Firewalk Studios along with mobile game studio Neon Koi. CEO of PlayStation stated the decision had been made after months of consideration. 210 people will lose their jobs following the shutdown.
DWF Labs picks a woman to replace alleged drink-spiking partner, Eugene Ng
Share link:In this post: Lingling Jiang is DWF Labs’ new partner, replacing Eugene Ng, who was dismissed after serious drink-spiking accusations. Ng was removed from all roles at DWF Labs after a woman, Hana, accused him of drugging her at a Hong Kong bar, backed by video evidence. Hana claims Ng lured her with a job offer, spiked her drink, and tried persuading her to join him in his hotel suite.
UK Labour government plans to release its first budget after nearly 14 years
Share link:In this post: The UK Labour Party plans to release a brand new budget on October 30, having been outside the ruling position for over 14 years. Several economists expect significant tax hikes amounting to approximately 40 billion pounds, besides expectations of cuts in several areas. Predictions are based on the recent statement by Labour Party Minister of Finance Rachel Reeves, who insisted on a big budget gap.
‘Space and Time Labs’ Launches’ SXT Chain Testnet at Chainlink SmartCon
The development will help in building data-driven DeFi solutions with enhanced scalability and accuracy.
Trending news
MoreCrypto prices
More
