23 Jun 2025
💰SEC Extends Review Period for Grayscale Bitcoin Trust Options
Self-Regulatory Organizations; NYSE American LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1 To Amend Certain Rules Related To Flexible Exchange Options on the Grayscale Bitcoin Trust
Summary
The Securities and Exchange Commission (SEC) has announced a longer review period for the proposed rule change by NYSE American LLC, focused on allowing FLEX options on the Grayscale Bitcoin Trust. The decision is part of a regulatory process that aims to provide the SEC with adequate time to assess the implications of this financial product.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
This content pertains to a proposed rule change concerning the introduction of FLEX options on shares of the Grayscale Bitcoin Trust, which could impact investment strategies and market dynamics for businesses involved in cryptocurrency or investment. The extension granted by the SEC provides relevant information for organizations needing to adapt to potential regulatory changes.