Search Results for keywords:"FLEX Trading"

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Search Results: keywords:"FLEX Trading"

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  • 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.

  • 2025-03508 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Permit FLEX Trading in the iShares Bitcoin Trust ETF
    Type:Notice
    Citation:90 FR 11334
    Reading Time:about a minute or two

    Nasdaq PHLX LLC proposed a change to allow FLEX Trading in the iShares Bitcoin Trust ETF, which was filed with the Securities and Exchange Commission (SEC) on December 26, 2024. The SEC originally had 45 days to decide on this proposal, but has chosen to extend this period to allow for more thorough consideration. The new deadline for the SEC to approve, disapprove, or consider disapproval of the rule change is set for April 14, 2025. This decision allows the SEC more time to assess the proposal and any feedback received.

    Simple Explanation

    The Securities and Exchange Commission (SEC) needs more time to decide if a special type of trading, called FLEX Trading, should be allowed for a fund linked to Bitcoin. They've moved their decision deadline to April 14, 2025, so they can think it over some more and see what people are saying about it.