The Securities and Exchange Commission (SEC) is considering a rule change proposed by Cboe BZX Exchange, Inc., to allow the listing and trading of options on Commodity-Based Trust Shares. Initially, comments on the rule change were invited after its publication in the Federal Register on March 19, 2025. The SEC is extending the initial 45-day period to make a decision about the rule change, choosing a new deadline of June 17, 2025, to ensure there is enough time for a thorough review. This extension is granted under the authority given by the Securities Exchange Act of 1934.
Simple Explanation
The SEC is deciding if a special type of stock called options on Commodity-Based Trust Shares can be bought and sold on a market operated by Cboe BZX Exchange. They've given themselves more time, until June 17, 2025, because they need extra time to think it over very carefully.