5 Mar 2025
📈SEC Proposes Rule Change for FLEX Trading in Bitcoin ETF
Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Permit FLEX Trading in the iShares Bitcoin Trust ETF
Summary
The SEC has designated a longer review period for Nasdaq PHLX's proposed rule change that would allow FLEX Trading in the iShares Bitcoin Trust ETF. This extension is intended to provide the Commission more time to consider the implications of the proposed rule change following public comments received, as regulatory decisions regarding such financial products can significantly impact market dynamics.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change to permit FLEX Trading in the iShares Bitcoin Trust ETF is a significant regulatory development for business owners, particularly in financial markets. It affects compliance and trading operations, requiring businesses to adapt to new trading practices and potentially opening up investment opportunities.