20 Mar 2025
📈Proposed Rule Change for FLEX Options on Bitcoin ETFs
Self-Regulatory Organizations; Nasdaq Phlx, LLC; Order Instituting 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 initiated proceedings to review a proposed rule change allowing Nasdaq Phlx to offer FLEX options on shares of the iShares Bitcoin Trust ETF. This change aims to enhance trading flexibility and risk management for market participants, incorporating specific position limits to prevent market manipulation and protect investors.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change to allow trading of FLEX options on the iShares Bitcoin Trust ETF could significantly impact business owners and executives in the finance sector, as it introduces new financial instruments with tailored risk management and liquidity advantages. This amendment may affect investment strategies and compliance with trading regulations.