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Cboe BZX Exchange, Inc. has filed a proposal with the Securities and Exchange Commission to change its rules to allow listing options on certain Bitcoin ETFs, such as the iShares Bitcoin Trust and the Grayscale Bitcoin Trust. The primary goal is to give investors a way to trade options tied to Bitcoin prices through a regulated exchange, which can be more transparent and secure than over-the-counter markets. These options will have a position limit of 25,000 contracts to prevent market manipulation, and the proposal includes provisions for initial and continued listing standards. The SEC is inviting public comments on this proposal.

The Securities and Exchange Commission received a proposed rule change from the Cboe BZX Exchange, Inc. to list and trade shares of the Franklin Solana ETF. This ETF will allow investors to invest in Solana, a type of digital cryptocurrency, on a regulated exchange. The proposal argues that the Solana market is large and diverse enough to prevent price manipulation, similar to how Bitcoin and Ether have been treated. The ETF aims to provide a safer, more transparent option for investors interested in Solana, reducing risks associated with price volatility and high management fees found in less regulated markets.