5 Aug 2025
📈MIAX Sapphire Proposes Options Trading for VanEck Bitcoin Trust
Self-Regulatory Organizations; MIAX Sapphire, 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 Sapphire has filed a proposed rule change to enable the listing and trading of options on the VanEck Bitcoin Trust. This move is aimed at providing investors with cost-efficient access to the Bitcoin market through options trading, enhancing trading strategies and market participation.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change allows MIAX Sapphire to list and trade options on the VanEck Bitcoin Trust, potentially opening new investment strategies for businesses and individuals. This regulatory approval enables companies to leverage Bitcoin market movements for hedging investments.