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MIAX Sapphire, LLC has proposed a rule change to the Securities and Exchange Commission (SEC) that would allow the exchange to list and trade options on the Goldman Sachs Physical Gold ETF. The SEC is reviewing this proposal and has made it effective immediately, believing it does not raise any new regulatory issues. Public comments on the proposal are encouraged and can be submitted via the SEC's website or by email until March 14, 2025. The SEC reserves the right to suspend the rule within 60 days if necessary to protect investors or the public interest.

The Securities and Exchange Commission (SEC) released a notice about a rule change filed by MIAX Sapphire, LLC, aiming to allow the listing and trading of options on Bitcoin-related exchange-traded products (ETPs), such as the Grayscale Bitcoin Trust and Bitwise Bitcoin ETF. This move is seen as beneficial for investors by providing a lower-cost way to manage risk associated with Bitcoin. The proposal establishes a limit of 25,000 contracts for options to prevent market manipulation and ensure investor protection. Options on these Bitcoin Funds will only be available once proper systems are in place to monitor and manage the trading activity.