Search Results for keywords:"MIAX Sapphire"

MIAX Sapphire, LLC proposed a rule change to amend its Exchange Rule 402, allowing the listing and trading of options on two bitcoin-backed exchange-traded funds (ETFs): the Fidelity Wise Origin Bitcoin Fund and the ARK 21Shares Bitcoin ETF. The change is in response to similar approvals by other exchanges like Cboe and aims to provide investors with a cost-effective alternative for trading bitcoin-related products in a regulated environment. The proposal includes specific listing standards and surveillance measures to ensure fair trading and prevent manipulation, and it will operate under existing rules already applied to other ETFs.

MIAX Sapphire, LLC, a self-regulatory organization, has proposed changes to its fee schedule for three specific market data feeds: MIAX Sapphire Top of Market, MIAX Sapphire Complex Top of Market, and MIAX Sapphire Liquidity Feed. These fees will initially be waived for six months to encourage market participation. The proposed fees are structured to cover the costs associated with providing these data feeds and are intended to be competitive with fees charged by other exchanges for similar services. The proposal maintains that the fees are fair, reasonable, and non-discriminatory, applying consistently to all subscribers based on their use and distribution of the data.

MIAX Sapphire, LLC has filed a proposed rule change with the Securities and Exchange Commission (SEC) to allow trading options on the Grayscale Ethereum Trust, Grayscale Ethereum Mini Trust, and Bitwise Ethereum ETF. These funds, also called Ether Funds, allow investors to track ether's performance without dealing with the complexities of ether delivery. Options on Ether Funds will be physically settled and subject to specific trading rules. The rule change aims to offer investors a lower-cost tool to manage investments linked to ether and promote trading transparency.

The Securities and Exchange Commission has approved a rule change proposed by MIAX Sapphire, LLC, concerning fines for minor rule violations on its Trading Floor. The amended rule, called Exchange Rule 1014, introduces new penalties for several types of minor infractions. The changes aim to prevent disruptive behaviors and ensure the smooth operation of the Trading Floor. These adjustments are in line with the rules of a similar exchange and are intended to help enforce compliance with established regulations while shielding investors and the public interest.

MIAX Sapphire, LLC has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to allow options trading on the Fidelity Ethereum Fund. This proposal aims to amend Exchange Rule 402, so that this fund can be listed and traded similar to other exchange-traded funds (ETFs) that hold commodities. The change is designed to let investors hedge against price changes in Ethereum effectively through a regulated market, rather than engaging in unregulated over-the-counter options markets. The SEC is inviting public comments on the proposal.

The Securities and Exchange Commission (SEC) has received a proposed rule change from MIAX Sapphire, LLC. This rule change aims to allow the listing and trading of options on Commodity-Based Trust Shares, which are financial products that represent interests in a trust holding commodities like gold, silver, or cryptocurrencies. The proposal is similar to filings by other exchanges, and the SEC is now inviting public comments on it. If approved, this change could make it easier and faster for these options to become available on the market, offering investors new ways to manage risks associated with commodities.

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.