Listed Funds Trust delists two ETFs from Cboe BZX

Rhea-AI Filing Summary

Listed Funds Trust is removing its Preferred-Plus ETF (ticker IPPP) and Dividend Performers ETF (ticker IPDP) from listing and registration on the Cboe BZX Exchange, Inc. The exchange certifies it has followed its own rules to strike these securities from listing.

The issuer is described as having complied with the exchange’s rules and the requirements of 17 CFR 240.12d2-2(c) governing the voluntary withdrawal of a class of securities. This action means these two ETFs will no longer trade on Cboe BZX under their current listings.

Insights

Exchange-listed funds analyst

Two ETFs are voluntarily delisted from Cboe BZX after rule-based process.

The document shows that Preferred-Plus ETF (IPPP) and Dividend Performers ETF (IPDP) are being removed from listing and registration on Cboe BZX Exchange. Both the exchange and the issuer state compliance with the applicable exchange rules and 17 CFR 240.12d2-2.

The reference to 17 CFR 240.12d2-2(c) indicates a voluntary withdrawal process by the issuer, while subsection (b) covers the exchange’s delisting mechanics. Actual investor impact will depend on any alternative trading arrangements or fund actions that may be detailed in other communications.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What action does Listed Funds Trust take in this Form 25 for XXRP-related ETFs?

The filing shows Preferred-Plus ETF (IPPP) and Dividend Performers ETF (IPDP) are being removed from listing and registration on Cboe BZX Exchange. Both the exchange and issuer state they complied with applicable exchange rules and 17 CFR 240.12d2-2 procedures.

Are the Preferred-Plus ETF (IPPP) and Dividend Performers ETF (IPDP) delistings voluntary?

Yes. The document references 17 CFR 240.12d2-2(c), which governs voluntary withdrawal of a class of securities from listing and registration. It states the issuer has complied with the exchange’s rules and these regulatory requirements for a voluntary delisting process.

Which exchange is affected by the delisting of IPPP and IPDP from Listed Funds Trust?

The delisting concerns Cboe BZX Exchange, Inc. The notification states the exchange has complied with its own rules under 17 CFR 240.12d2-2(b) to strike the Preferred-Plus ETF (IPPP) and Dividend Performers ETF (IPDP) from listing and registration on that marketplace.

Who signs the Form 25 notification for the Listed Funds Trust ETFs?

The notification is signed on behalf of Cboe BZX Exchange, Inc. by Sarah Tadtman, identified as Assistant General Counsel. The exchange certifies it has reasonable grounds to believe it meets all requirements necessary to file Form 25 for these ETFs.

What regulations govern the removal of Listed Funds Trust ETFs from Cboe BZX?

The process is governed by 17 CFR 240.12d2-2, including subsections (a), (b), and (c). The filing specifically notes the exchange’s compliance with subsection (b) and the issuer’s compliance with subsection (c) for voluntary withdrawal from listing and registration.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/04/2025 - 09:52 AM Learn about SEC filing dates

UNITED STATES

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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number

333-215588

Issuer:	Listed Funds Trust
Exchange:	Cboe BZX Exchange, Inc.

(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)

Address:	615 E. Michigan Street
	Milwaukee	WISCONSIN	53202
Telephone number:					414-765-5144

(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)

Preferred-Plus ETF (IPPP) and Dividend Performers ETF (IPDP)

(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

17 CFR 240.12d2-2(a)(1)

17 CFR 240.12d2-2(a)(2)

17 CFR 240.12d2-2(a)(3)

17 CFR 240.12d2-2(a)(4)

Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. ¹

Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements fo the Securities Exchange Act of 1934, Cboe BZX Exchange, Inc. certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

2025-09-04	By	Sarah Tadtman		Assistant General Counsel
Date		Name		Title

¹ Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.