Search Results for keywords:"decision period extension"

The Securities and Exchange Commission (SEC) has extended the period to decide on a proposed rule change submitted by the Cboe BZX Exchange for listing and trading options on Grayscale Ethereum Trust ETF, Grayscale Ethereum Mini Trust ETF, and Bitwise Ethereum ETF. Originally, the SEC was supposed to make a determination by April 12, 2025, but it has designated a longer period for consideration, now setting the decision date to May 27, 2025. This extension allows the SEC more time to evaluate the proposed rule change as they received no public comments during the initial review period.

Nasdaq PHLX LLC submitted a proposal to the Securities and Exchange Commission (SEC) on February 4, 2025, to introduce new Nasdaq Bitcoin Index Options. The proposed rule change was officially published for public comment in the Federal Register on February 24, 2025. According to the rules, the SEC originally had 45 days to respond, but they have decided to extend this period to ensure they have enough time to review the proposal thoroughly. The new deadline for the SEC to make a decision is set for May 25, 2025, either to approve, disapprove, or proceed with further evaluation of the rule change.

On February 10, 2025, NYSE Arca, Inc. submitted a proposed rule change to the Securities and Exchange Commission (SEC) to list and trade shares of the Grayscale Cardano Trust under NYSE Arca's Commodity-Based Trust Shares rule. This proposal was modified by Amendment No. 2 and published for public comment on February 28, 2025. The SEC has decided to extend the usual 45-day period for decision-making to give themselves more time to consider the proposal and any related issues. They now have until May 29, 2025, to either approve, disapprove, or begin proceedings to decide whether to disapprove the proposal.

The Investors Exchange LLC (IEX) submitted a proposed rule change to the Securities and Exchange Commission (SEC) regarding the trading of options on a new facility named IEX Options. This proposal was published in the Federal Register on January 21, 2025, and has received public comments. Under the Securities Exchange Act, the SEC normally has 45 days to decide on a proposed rule change, but this period can be extended. In this case, the SEC has extended the decision deadline to April 21, 2025, to allow more time to review the proposal and the comments received.