Search Results for keywords:"physically settled options"

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Search Results: keywords:"physically settled options"

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  • 2025-04655 — 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
    Type:Notice
    Citation:90 FR 13226
    Reading Time:about 13 minutes

    The Securities and Exchange Commission (SEC) is reviewing a proposed rule change by Nasdaq Phlx, LLC that would allow the trading of FLEX options on shares of the iShares Bitcoin Trust ETF. This rule change would enable these options to be both cash-settled and physically settled. The SEC is considering whether to approve or disapprove the proposal and has invited comments from the public until April 10, 2025. The proposal aims to enhance market flexibility and provide more risk management tools for investors, but the SEC needs more information to ensure it aligns with various legal and market integrity requirements.

    Simple Explanation

    The SEC is thinking about whether to allow special types of trading options for a Bitcoin-related fund. They want to make sure it's safe and fair for everyone, so they're asking people to share their thoughts on it.

  • 2025-00531 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing of Proposed Rule Change To Permit FLEX Trading in the iShares Bitcoin Trust ETF
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    Type:Notice
    Citation:90 FR 3266
    Reading Time:about 25 minutes

    The Securities and Exchange Commission has received a proposal from Nasdaq PHLX LLC to allow FLEX Trading in options for the iShares Bitcoin Trust ETF (IBIT). This would enable these options to trade as both cash-settled and physically settled, with a consolidated limit of 25,000 contracts, which aims to prevent market manipulation and protect investors. The proposal is intended to broaden the range of available trading products and better manage investment risks in bitcoin-related products. Public comments are invited on whether this proposal aligns with the Securities Exchange Act's standards.

    Simple Explanation

    The SEC is looking at a plan from a company called Nasdaq PHLX to let people trade special options on a fund related to Bitcoin. These options would help investors make better choices and keep things fair, with some rules in place to stop any tricks and protect everyone investing.