20 May 2025
💰Cboe Exchange Bitcoin Trust Options Trading Rule Change Notice
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 4, To Amend Rules 4.3, 4.20, and 8.30, To Allow the Exchange To List and Trade Options on the VanEck Bitcoin Trust
Summary
The SEC is reviewing a proposed rule change by Cboe Exchange to allow the listing and trading of options on the VanEck Bitcoin Trust. The proposal has undergone several amendments and will be evaluated by the SEC by July 2, 2025. This extension aims to ensure adequate consideration of the regulatory implications involved.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change allows Cboe Exchange to list and trade options on the VanEck Bitcoin Trust, which could significantly impact financial markets and offer new investment products. This has regulatory compliance implications for businesses involved in cryptocurrency and options trading.