NYSE American LLC submitted a proposed rule change to the Securities and Exchange Commission (SEC) to allow Flexible Exchange (FLEX) options on shares of the Grayscale Bitcoin Trust. This proposal was published on December 27, 2024, but received no public comments. The SEC, needing more time to evaluate the proposal, has extended the decision deadline to March 27, 2025. By this date, the SEC will decide whether to approve, disapprove, or begin proceedings to possibly disapprove the proposed rule change.
Simple Explanation
The people who make rules about money and stocks are thinking about allowing a special kind of trading for something called Bitcoin, but they need more time to decide if it's a good idea. So, they've decided to wait a little longer before making their choice.