5 Aug 2025
💰MIAX Pearl Proposes Changes for Bitcoin Trust Options Trading
Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 402, Criteria for Underlying Securities, To List and Trade Options on the VanEck Bitcoin Trust
Summary
MIAX Pearl, LLC has filed a proposed rule change to list and trade options on the VanEck Bitcoin Trust, expanding the options available in the trading of Bitcoin-backed exchange-traded funds (ETFs). This change aims to enhance market transparency and provide investors with more tools for managing Bitcoin-related investments. The proposal is designed to align with existing regulatory standards and safeguards.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The regulatory text announces MIAX Pearl's proposed rule change allowing the listing and trading of options on the VanEck Bitcoin Trust. This change could provide new investment and risk management opportunities for businesses and financial institutions interested in Bitcoin as it expands their offerings and market access.