The Cboe BZX Exchange, Inc. has filed a proposed rule change with the Securities and Exchange Commission (SEC) to allow the listing of options for certain Exchange-Traded Funds (ETFs) that hold precious metals like gold and silver. The SEC has decided to let this rule become effective immediately as it doesn't significantly impact investor protection or competition and aligns with existing practices on other exchanges. The public is invited to submit comments on this rule change until February 20, 2025.
Simple Explanation
The Cboe BZX Exchange wants to let people buy and sell special options for funds that have gold, silver, and other shiny metals, and the people in charge say it's okay to start doing this right away because it's similar to what others are already doing. People can tell the decision-makers if they think it's a good idea or not until February 20, 2025.