15 Aug 2025
📈Proposed Rule Change on VanEck Bitcoin ETF Options Limits
Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Position Limits and FLEX Trading for Options on the VanEck Bitcoin ETF
Summary
The SEC notices the proposed rule change by Nasdaq PHLX to amend position limits for options on the VanEck Bitcoin ETF. The proposals aim to align with existing limits established by other exchanges, ensuring consistent trading frameworks and investor protection while restricting FLEX options for this ETF. The notice invites public comment on the proposed changes.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory notice outlines amendments to position and exercise limits for options on the VanEck Bitcoin ETF, relevant for businesses involved in trading these financial instruments. Compliance with these new rules is crucial for market participants and could impact trading strategies and market competitiveness.