22 Apr 2025
📈SEC Extends Review Period for Cboe Bitcoin Options Proposal
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Add P.M.-Settled Options on the Cboe Bitcoin U.S. ETF Index and the Mini-Cboe Bitcoin U.S. ETF Index With Third Friday Expirations, Nonstandard Expirations, and Quarterly Index Expirations
Summary
The SEC has designated a longer review period for the Cboe Exchange's proposed rule change to add P.M.-settled options on Bitcoin ETF indices. The extension allows the Commission additional time to consider implications and stakeholder comments regarding the new trading options designed for Bitcoin markets.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document outlines the SEC's extension of the review period for Cboe Exchange's proposed rule change regarding new Bitcoin ETF options. This can impact new financial products available for trading, influencing market dynamics and liquidity.