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The Securities and Exchange Commission (SEC) has received a proposal from BOX Exchange LLC to amend Rule 5055 to allow for cash settlement of certain customized FLEX Equity Options where the underlying security is an Exchange-Traded Fund (ETF). This amendment aims to broaden investment options and potentially shift some over-the-counter market trading onto the exchange. To ensure stability, the cash settlement will only apply to ETFs that meet specific liquidity criteria. The SEC has waived the typical 30-day waiting period for the rule to take effect, citing that similar proposals have already been approved for other exchanges.

The Cboe BZX Exchange, Inc. proposed a rule change to allow listing of options on the iShares Ethereum Trust, which involves trading options on a fund that represents interests in Ethereum. This proposal is aligned with a similar rule change approved for Nasdaq ISE, LLC and aims to provide investors with a lower-cost tool for gaining exposure to Ethereum. The Exchange has set conservative position and exercise limits for these options to ensure market stability and plans to follow the same rules that apply to other Exchange-Traded Fund (ETF) options. This new offering is expected to enhance market transparency and provide an alternative to the unregulated over-the-counter options market.

The NYSE American LLC has proposed a rule change to expand the Per User Access Fee to Redistributors of the NYSE Aggregated Lite data feed, effective January 16, 2025. This proposal was filed with the Securities and Exchange Commission (SEC) and is intended to take immediate effect under specified sections of the Securities Exchange Act of 1934. The SEC is seeking public comments on this proposal, which can be submitted via their website or email before February 21, 2025. This document invites interested individuals to express their views on whether the proposed rule aligns with the Act's requirements.

The Securities and Exchange Commission has published a notice about a proposed rule change by MEMX LLC to list and trade options on two Bitcoin exchange-traded funds (ETFs): the Fidelity Wise Origin Bitcoin Fund and the ARK 21Shares Bitcoin ETF. This rule change aims to amend Exchange Rule 19.3 to allow trading options on these Bitcoin Funds. The plan is seen as competitive, following similar moves by another exchange, Cboe. MEMX believes that offering these options will provide investors with a lower-cost way to invest in Bitcoin, increase market transparency, and improve price discovery on the exchange.