8 Jul 2025
💰Proposed Rule Change for Bitcoin Options Trading by SEC
Self-Regulatory Organizations; Nasdaq Phlx, LLC; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To Permit the Trading of FLEX Options on Shares of the iShares Bitcoin Trust ETF
Summary
The SEC has designated an extended review period for Nasdaq Phlx's proposed rule change, which would permit the trading of FLEX options on the iShares Bitcoin Trust ETF. This decision follows a series of reviews and public comments, underscoring the significance of evolving cryptocurrency-related trading practices within regulated financial markets.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change allowing FLEX options on Bitcoin ETFs may affect trading strategies and introduce new financial instruments, influencing liquidity and market dynamics for business owners and executives involved in trading or investment sectors.