20 Aug 2025
📈SEC Extends Review Period for Nasdaq Bitcoin Index Options
Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove Proposed Rule Change To List and Trade Nasdaq Bitcoin Index Options
Summary
The SEC has designated a longer period for considering Nasdaq PHLX LLC's proposed rule change to introduce new Bitcoin Index Options. This decision allows the Commission more time to evaluate feedback and implications, with an anticipated conclusion by late October 2025.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The document details the SEC's proceedings regarding the proposed rule change to list and trade Nasdaq Bitcoin Index Options. This has high relevance for businesses involved in cryptocurrency or financial services, as it could lead to new trading products and investment opportunities, impacting market dynamics.