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2025-02557 — Self-Regulatory Organizations; NYSE American LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend Certain Rules Related to Flexible Exchange Options on the Grayscale Bitcoin Trust
February 13, 2025
Type:Notice
Citation:90 FR 9570
Reading Time:about a minute or two
NYSE American LLC submitted a proposed rule change to the Securities and Exchange Commission (SEC) to allow Flexible Exchange (FLEX) options on shares of the Grayscale Bitcoin Trust. This proposal was published on December 27, 2024, but received no public comments. The SEC, needing more time to evaluate the proposal, has extended the decision deadline to March 27, 2025. By this date, the SEC will decide whether to approve, disapprove, or begin proceedings to possibly disapprove the proposed rule change.
Simple Explanation
The people who make rules about money and stocks are thinking about allowing a special kind of trading for something called Bitcoin, but they need more time to decide if it's a good idea. So, they've decided to wait a little longer before making their choice.
2024-31457 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Withdrawal of Proposed Rule Change To Amend Options 3, Section 13 Related to XND
January 02, 2025
Type:Notice
Citation:90 FR 124
Reading Time:about a minute or two
Nasdaq PHLX LLC (Phlx) filed a proposed rule change with the Securities and Exchange Commission (SEC) to allow orders from market makers to be solicited for PIXL auctions in Nasdaq-100 Micro Index (XND) Options. This proposal was initially published for public comment on November 6, 2024, but the SEC received no comments. On December 20, 2024, Phlx decided to withdraw this proposed rule change. The notice of withdrawal was issued by the SEC's Division of Trading and Markets, with Secretary Vanessa A. Countryman providing the notice under delegated authority.
Simple Explanation
Nasdaq wanted to change some rules about how special trades called "PIXL auctions" work for a kind of stock options, but they decided not to change the rules after all because nobody had anything to say about it.
2025-04183 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Shares of the Canary Solana Trust Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
March 17, 2025
Type:Notice
Citation:90 FR 12424
Reading Time:about a minute or two
The Securities and Exchange Commission (SEC) has announced a longer review period for a proposed rule change filed by Cboe BZX Exchange, Inc. This change would allow the listing and trading of shares of the Canary Solana Trust under the Commodity-Based Trust Shares category. The SEC has extended the decision deadline to May 19, 2025, to have more time to review the proposal and the issues it raises. This announcement was made under the authority of the Division of Trading and Markets.
Simple Explanation
The SEC is taking more time, until May 19, 2025, to think about whether a company can sell special types of shares called Canary Solana Trust shares, so they can make sure everything is just right.

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