Type:Notice
Citation:90 FR 16894
Reading Time:about a minute or two
The Securities and Exchange Commission (SEC) is reviewing a rule change proposed by Cboe Exchange, Inc. for P.M.-settled options on two Bitcoin U.S. ETF indexes. Initially filed on February 14, 2025, the proposal includes products with various expiration dates and was published for public comment on March 5, 2025. As no comments were received, the SEC has extended the decision deadline to June 3, 2025, to ensure a thorough review.
Simple Explanation
The SEC, which makes rules for big money stuff, is taking more time to decide on a new idea for options (special sort of bets) related to Bitcoin that a place called Cboe Exchange wants to start. They're giving themselves extra time to make sure they understand everything before giving a thumbs-up or down.