1 Aug 2025
📈Rule Change Permits New Options Trading on Grayscale Bitcoin Trust
Self-Regulatory Organizations; NYSE Arca, Inc.; Order Approving a Proposed Rule Change, as Modified by Amendment No. 3, To Amend Rules Regarding Position and Exercise Limits for Options on the Grayscale Bitcoin Trust (“GBTC”) and To Permit Flexible Exchange Options on GBTC
Summary
The Securities and Exchange Commission approved a proposed rule change from NYSE Arca to amend trading limits on options related to the Grayscale Bitcoin Trust (GBTC). The revision allows for flexible exchange options, enhancing market participation and liquidity while maintaining robust regulatory oversight. The change aims to facilitate better trading conditions within the evolving cryptocurrency market.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change allows for increased trading of options on the Grayscale Bitcoin Trust (GBTC), eliminating previous position limits. This may lead to greater liquidity and trading activity, impacting financial strategies of firms engaged in trading or investing in cryptocurrencies and ETFs.