1 Aug 2025
📈SEC Approves FLEX Options for Bitcoin ETFs
Self-Regulatory Organizations; NYSE American LLC; Order Approving a Proposed Rule Change, as Modified by Amendment No. 1, To Permit the Trading of FLEX Options on Shares of the Grayscale Bitcoin Trust, the Grayscale Bitcoin Mini Trust ETF, and the Bitwise Bitcoin ETF
Summary
The Securities and Exchange Commission has approved a proposed rule change allowing the trading of flexible options on the Grayscale Bitcoin Trust and related exchange-traded funds. This change introduces customized options contracts, enhancing trading strategies and risk management for market participants while maintaining safeguards against market manipulation.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The regulatory notice discusses the approval of FLEX options on Bitcoin-related exchange-traded products (ETPs), offering businesses new investment strategies and risk management tools. It impacts compliance requirements regarding position limits for options, affecting trading activities for firms.