The SEC delayed its decision on a proposed rule change by Nasdaq that would allow the listing of exchange-traded funds based on Ethereum.
News & Insights
The SEC rejected a proposed rule change by Cboe BZX Exchange to list and trade shares of a bitcoin-based exchange-traded product.
An SEC rule requiring exchanges to establish listing standards that require issuers to develop and implement clawback policies for erroneously awarded compensation will take effect on January 27, 2023.
The SEC adopted a rule requiring exchanges to establish listing standards that require issuers to develop and implement a policy on clawing back compensation that was awarded erroneously based on incorrect financial statements.
The SEC disapproved rule changes proposed by NYSE Arca, Inc. that would allow the listing and trading of shares of Bitwise Bitcoin ETP Trust and Grayscale Bitcoin Trust. The SEC concluded that the Exchange had not met its burden in creating a way to prevent manipulation of the underlying asset.