Search Results for keywords:"Grayscale Bitcoin Trust"

The Securities and Exchange Commission has shared a proposed rule change by NYSE Arca, Inc. to alter the limits for options on the Grayscale Bitcoin Trust (GBTC). Specifically, it aims to increase the position and exercise limits from 25,000 to 250,000 contracts, and to allow GBTC options to trade as Flexible Exchange Options (FLEX Options). The proposal is intended to boost market activity by enabling larger trades, improve competition against over-the-counter markets, and offer new trading tools similar to existing options on ETFs like gold and silver shares. The Commission is inviting public comments on this proposed change.

The Securities and Exchange Commission (SEC) released a notice about a rule change filed by MIAX Sapphire, LLC, aiming to allow the listing and trading of options on Bitcoin-related exchange-traded products (ETPs), such as the Grayscale Bitcoin Trust and Bitwise Bitcoin ETF. This move is seen as beneficial for investors by providing a lower-cost way to manage risk associated with Bitcoin. The proposal establishes a limit of 25,000 contracts for options to prevent market manipulation and ensure investor protection. Options on these Bitcoin Funds will only be available once proper systems are in place to monitor and manage the trading activity.

Cboe BZX Exchange, Inc. has filed a proposal with the Securities and Exchange Commission to change its rules to allow listing options on certain Bitcoin ETFs, such as the iShares Bitcoin Trust and the Grayscale Bitcoin Trust. The primary goal is to give investors a way to trade options tied to Bitcoin prices through a regulated exchange, which can be more transparent and secure than over-the-counter markets. These options will have a position limit of 25,000 contracts to prevent market manipulation, and the proposal includes provisions for initial and continued listing standards. The SEC is inviting public comments on this proposal.

The Securities and Exchange Commission (SEC) announced that the BOX Exchange LLC filed a proposed rule change to allow options trading on Bitcoin Funds, including the Grayscale Bitcoin Trust and Bitwise Bitcoin ETF. This proposal, effective immediately, aligns with a similar rule change recently approved for another exchange, NYSE American. The BOX Exchange argues that offering Bitcoin Fund options will provide investors with cost-efficient investment tools and improved market transparency. The regulatory filing outlines the rules and safeguards, including position limits and surveillance measures, to ensure fair and transparent trading.

The Securities and Exchange Commission (SEC) announced that MEMX LLC, a self-regulatory organization, proposed a rule change to allow the listing and trading of options on several Bitcoin-related funds, namely the Grayscale Bitcoin Trust, the Grayscale Bitcoin Mini Trust, and the Bitwise Bitcoin ETF. This proposal aims to give investors an additional tool to gain exposure to Bitcoin's price movements within regulated markets, offering options priced competitively against spot Bitcoin. The proposed options will adhere to existing rules regarding listing criteria, trading, and position limits, and MEMX believes these options can increase market transparency and efficiency. The SEC is seeking comments from the public regarding this proposed rule change.

The Cboe EDGX Exchange, Inc. proposed a rule change to allow options trading on Bitcoin-backed funds, such as the iShares Bitcoin Trust and the Grayscale Bitcoin Trust. These Bitcoin-based exchange-traded funds (ETFs) provide investors exposure to Bitcoin's performance without owning the cryptocurrency directly. The rule change aims to align with existing options trading standards on the Exchange and ensure that proper safeguards are in place to detect market abuses. The Securities and Exchange Commission is seeking public comments on this proposal.