The Securities and Exchange Commission (SEC) has postponed the timeline for deciding in relation to the listing and trading of options on Bitcoin Exchange-Traded Funds (ETFs). This decision impacts proposals by major financial institutions, including BlackRock, Cboe Exchange, Inc., and others looking to venture into spot bitcoin ETF options trading.
Bitcoin ETF options trading Extended Review Period
The SEC has opted to extend the review period for the proposed rule changes necessary to allow Nasdaq ISE, LLC to list and trade options on BlackRock’s spot bitcoin ETF. Initially set to conclude sooner, the commission now sets April 24 as the new date for approving, disapproving, or instituting proceedings on the proposals.
This extension provides the SEC with added time to conduct a full investigation on the market impact and operational readiness of the exchanges to deal with the complexities of spot bitcoin ETF options.
Similarly, the SEC’s decision also applies to other filings fr
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