5 Aug 2025
💹SEC Approves Options Trading for VanEck Bitcoin Trust
Self-Regulatory Organizations; Miami International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 402, Criteria for Underlying Securities, Exchange Rule 307, Position Limits, and Exchange Rule 309, Exercise Limits To Allow the Exchange To List and Trade Options on the VanEck Bitcoin Trust
Summary
The SEC has published a notice approving the Miami International Securities Exchange's proposed rule change to list and trade options on the VanEck Bitcoin Trust. This includes amendments to position and exercise limits, aiming to enhance market access and transparency related to Bitcoin investments while ensuring robust regulatory safeguards against manipulation.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change to list options on the VanEck Bitcoin Trust will offer businesses new financial instruments to hedge investments in Bitcoin, facilitating risk management. Additionally, the conservative position and exercise limits aim to safeguard against market manipulation, ensuring a stable trading environment.