NASDAQ APPLIES FOR AN EXTENDED ENCRYPTION ETF OPTION, WHICH MAY NOT REQUIRE SEPARATE SEC APPROVAL

NASDAQ IS APPLYING FOR THE EXPANSION OF THE ENCRYPTION ETF OPTION, AS PROGRESS ON THE CLARITY ACT IS SLOW. THE EXCHANGE HAS JUST SUBMITTED A PROPOSED RULE CHANGE TO THE SEC, WHICH MAY STANDARDIZE THE WAY THE ETF OPTION IS LISTED. THIS WOULD ALLOW THE ELIGIBLE ENCRYPTION ETF OPTION TO BE APPROVED WITHOUT SEPARATE SEC APPROVAL FOR EACH ROLLOUT. INVESTORS CAN EVENTUALLY TRADE A PORTFOLIO THAT COVERS BTC, ETH, SOL, XRP, LINK AND HBAR. NASDAQ ALSO REPLACED THE WORD “ENCRYPTED” WITH THE WORD “DIGITAL GOODS” AND EXPRESSLY EXCLUDED SECURITIES. WALL STREET CONTINUES TO DEVELOP AS THE CLARITY BILL STAGNATES。