Search Results for keywords:"exchange-traded products (ETPs)"

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Search Results: keywords:"exchange-traded products (ETPs)"

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2024-28115 — Self-Regulatory Organizations; MIAX Sapphire, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 402, Criteria for Underlying Securities, To List and Trade Options on the Grayscale Bitcoin Trust, the Grayscale Bitcoin Mini Trust, and the Bitwise Bitcoin ETF
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December 02, 2024
Type:Notice
Citation:89 FR 95328
Reading Time:about 59 minutes
The Securities and Exchange Commission (SEC) released a notice about a rule change filed by MIAX Sapphire, LLC, aiming to allow the listing and trading of options on Bitcoin-related exchange-traded products (ETPs), such as the Grayscale Bitcoin Trust and Bitwise Bitcoin ETF. This move is seen as beneficial for investors by providing a lower-cost way to manage risk associated with Bitcoin. The proposal establishes a limit of 25,000 contracts for options to prevent market manipulation and ensure investor protection. Options on these Bitcoin Funds will only be available once proper systems are in place to monitor and manage the trading activity.
Simple Explanation
The SEC is letting people trade options, which are special financial agreements, on certain Bitcoin funds. This helps them handle money risks better, but they will only allow a limited number to keep things safe and fair.
2025-03232 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Increase the Entry Fee for Exchange-Traded Products (“ETPs”) to $10,000 per ETP
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February 28, 2025
Type:Notice
Citation:90 FR 10958
Reading Time:about 3 minutes
Cboe BZX Exchange, Inc. has proposed a rule change to increase the entry fee for exchange-traded products (ETPs) to $10,000 per ETP. This proposed change was filed with the Securities and Exchange Commission (SEC) and is designated for immediate effectiveness. The SEC is seeking comments from the public on whether this rule change is consistent with the Securities Exchange Act of 1934. Interested parties can submit their comments online or by mail before March 21, 2025.
Simple Explanation
Cboe BZX Exchange wants to charge $10,000 to let a product trade on their market, and they are asking people what they think. People can share their thoughts online or by mail until March 21, 2025.

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