Search Results for keywords:"Flexible Exchange Options"

Nasdaq ISE, LLC submitted a proposed rule change to the Securities and Exchange Commission (SEC) concerning position and exercise limits and Flexible Exchange Options for iShares Bitcoin Trust ETF. This proposed change was announced in the Federal Register on January 6, 2025. By law, the SEC must decide on the proposed rule change within 45 days, but it has chosen to extend this period to ensure thorough consideration. As a result, the SEC aims to make a final decision by April 6, 2025.

Cboe Exchange, Inc. initially proposed a rule to the Securities and Exchange Commission (SEC) on June 30, 2020, aiming to allow trading of flexible exchange options on full-value indexes with a contract multiplier of one. The SEC reviewed the proposal and its amendments over several months, receiving and considering comments. The proposal underwent modifications with two amendments filed in January and February 2021 to provide further explanations and support for the proposal. However, on February 12, 2021, the Exchange decided to withdraw the proposed rule change.

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.

NYSE Arca, Inc. submitted a proposed rule change to the Securities and Exchange Commission (SEC) to amend the rules about position and exercise limits for options on the Grayscale Bitcoin Trust and to allow Flexible Exchange Options for it. Initially filed on January 29, 2025, this proposal was later updated on February 7, 2025, and published in the Federal Register on February 18, 2025. The SEC needs more time to review this proposal, so it extended the deadline to May 19, 2025, for making a decision. This extension allows the SEC to thoroughly evaluate the proposed changes before approving or disapproving them.