Search Results for keywords:"Bitwise Bitcoin ETF"

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 New York Stock Exchange Arca (NYSE Arca) has proposed a rule change to increase the position and exercise limits for options on the Grayscale Bitcoin Mini Trust BTC and the Bitwise Bitcoin ETF from 25,000 contracts to 250,000 contracts. This change aims to make market trading more competitive and flexible by allowing more trades and reducing reliance on over-the-counter markets. The proposal also seeks to permit flexible options (FLEX) trading on these bitcoin-related funds, which currently aren't available for FLEX trading. The Securities and Exchange Commission (SEC) is inviting comments on this proposed change to assess its impact on trading and investor protection.

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 (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 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.

On February 3, 2025, NYSE Arca, Inc. proposed a rule change to the Securities and Exchange Commission (SEC) to modify position and exercise limits for options on certain Bitcoin trusts and allow Flexible Exchange Options on these Bitcoin products. An amendment to this proposal was filed on February 14, 2025, and was published for public comment on February 24, 2025. The SEC has not received any public comments and has decided to extend the original 45-day review period to May 25, 2025, to further consider the proposal. This extension gives the SEC additional time to either approve, disapprove, or start proceedings regarding the rule change.