Search Results for keywords:"Grayscale Bitcoin Trust ETF"

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Search Results: keywords:"Grayscale Bitcoin Trust ETF"

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  • 2024-30682 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Modify the NYSE Arca Options Fee Schedule
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    Type:Notice
    Citation:89 FR 105140
    Reading Time:about 13 minutes

    The Securities and Exchange Commission (SEC) has received a proposed rule change from NYSE Arca, Inc. to revise their Options Fee Schedule. This change aims to introduce pricing incentives for trading options on digital asset Exchange Traded Funds (ETFs) listed on NYSE Arca Equities, such as the Grayscale Bitcoin Trust ETF and others. The proposal includes offering additional discounts or credits per contract to encourage such trading, effective December 17, 2024. The Exchange believes that these changes will increase liquidity and benefit all market participants without imposing unnecessary competition burdens.

    Simple Explanation

    NYSE Arca, which is like a big marketplace for trading, wants to make it cheaper and more attractive to trade certain digital money options. They hope this change will make trading faster and better for everyone, but they're not sure exactly how it will affect everybody yet.