MIAX Sapphire, LLC proposed a change to their rules to allow them to list and trade options on Commodity-Based Trust Shares. This proposal was submitted to the Securities and Exchange Commission (SEC) and was published for public comment, but no comments were received. The SEC has decided to extend the time they have to make a decision about the proposal from May 3, 2025, to June 17, 2025, to give themselves more time to consider the details of the change. This action is in line with the procedures outlined in the Securities Exchange Act of 1934.
Simple Explanation
The people in charge of checking if a new idea for trading something called "Commodity-Based Trust Shares" is okay need more time to decide, so they are taking about a month and a half extra to think about it.