Search Results for keywords:"ARK21Shares Bitcoin ETF"

Nasdaq BX, Inc. has submitted a proposal to the Securities and Exchange Commission (SEC) to amend certain rules relating to position and exercise limits for options on several Bitcoin-related financial products. These amendments reflect recent approvals by other exchanges like Cboe and NYSE American to establish a limit of 25,000 contracts for these options. The goal is to ensure that trading these options is consistent across different exchanges. The SEC has agreed to fast-track the proposal's implementation to immediately align with standards already set elsewhere, benefiting investors by maintaining uniform trading conditions.

The Securities and Exchange Commission is reviewing a proposed rule change by Nasdaq PHLX LLC regarding options on several Bitcoin-related funds, such as the Fidelity Wise Origin Bitcoin Fund and the Grayscale Bitcoin Trust. The rule change aims to set position and exercise limits for these options at 25,000 contracts, mirroring limits already in place on other exchanges. Additionally, the Exchange has decided not to allow FLEX options for these Bitcoin Trusts to ensure consistent limits across different platforms. The proposal is designed to align with existing market standards, safeguard investors, and uphold fair trading practices.

The Securities and Exchange Commission (SEC) has been notified that Nasdaq ISE, LLC has filed a proposal to allow options trading for various Bitcoin-related exchange-traded funds (ETFs) on their exchange. The proposed rule aims to include Bitcoin-backed commodity ETFs, such as the Fidelity Wise Origin Bitcoin Fund and the ARK21Shares Bitcoin ETF, among others, as appropriate for options trading. The rule sets specific conditions and standards that these ETFs must meet to be eligible for options trading, ensuring they are widely held and actively traded. The SEC is seeking public comments on this proposal and has also considered waiving the 30-day operative delay to allow the rule to take effect immediately after filing.

The NYSE American LLC has proposed a new rule to the Securities and Exchange Commission allowing the listing and trading of options on the iShares Bitcoin Trust, the Fidelity Wise Origin Bitcoin Fund, and the ARK21Shares Bitcoin ETF. This initiative aims to boost market liquidity, price efficiency, and transparency for these Bitcoin-backed funds, ensuring investors have a stable and cost-effective way to engage with the Bitcoin market. The rule also outlines specific position limits and surveillance measures to prevent market manipulation and ensure investor protection. The proposal has been approved for immediate effectiveness, allowing options to be listed once all necessary systems are prepared to handle trading.