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2025-03508 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Permit FLEX Trading in the iShares Bitcoin Trust ETF
March 05, 2025
Type:Notice
Citation:90 FR 11334
Reading Time:about a minute or two
Nasdaq PHLX LLC proposed a change to allow FLEX Trading in the iShares Bitcoin Trust ETF, which was filed with the Securities and Exchange Commission (SEC) on December 26, 2024. The SEC originally had 45 days to decide on this proposal, but has chosen to extend this period to allow for more thorough consideration. The new deadline for the SEC to approve, disapprove, or consider disapproval of the rule change is set for April 14, 2025. This decision allows the SEC more time to assess the proposal and any feedback received.
Simple Explanation
The Securities and Exchange Commission (SEC) needs more time to decide if a special type of trading, called FLEX Trading, should be allowed for a fund linked to Bitcoin. They've moved their decision deadline to April 14, 2025, so they can think it over some more and see what people are saying about it.
2024-30685 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Modify the Package of Complimentary Services Provided to Certain Eligible Switches and To Modify the Definition of an Eligible Switch
December 26, 2024
Type:Notice
Citation:89 FR 105160
Reading Time:about a minute or two
The Securities and Exchange Commission (SEC) is considering a proposed rule change by The Nasdaq Stock Market LLC. This change involves modifying the package of complimentary services for certain "Eligible Switches" and redefining what qualifies as an Eligible Switch. The SEC extended the period within which they must decide on this proposed rule change to allow more time for thorough consideration. They have set a new deadline of February 3, 2025, to either approve, disapprove, or continue evaluating whether to disapprove the rule change.
Simple Explanation
The people who make rules for a big stock exchange want to change some rules about who gets free goodies and what those goodies are, but they need more time to think about it, so they will decide by February 3, 2025.
2025-04187 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Shares of the WisdomTree XRP Fund Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
March 17, 2025
Type:Notice
Citation:90 FR 12410
Reading Time:about a minute or two
The Securities and Exchange Commission (SEC) is considering a rule change proposed by the Cboe BZX Exchange, Inc.. The change involves listing and trading shares of the WisdomTree XRP Fund. The SEC has decided to extend the time they have to make a decision on this proposal to May 27, 2025, to ensure they can fully evaluate the details and any raised issues. This extension allows the SEC to assess whether to approve, disapprove, or start proceedings on disapproval of the proposed rule change.
Simple Explanation
The SEC needs more time to decide if a special kind of fund, called the WisdomTree XRP Fund, can be traded on a stock exchange. They're taking extra time until May 27, 2025, to make sure they understand everything about it first.
2025-07498 — Self-Regulatory Organizations; Miami International Securities Exchange, LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Partial Amendment No. 1, To Amend Exchange Rule 402, Criteria for Underlying Securities, To List and Trade Options on Commodity-Based Trust Shares
May 01, 2025
Type:Notice
Citation:90 FR 18715
Reading Time:about 2 minutes
The Securities and Exchange Commission (SEC) received a proposed rule change from the Miami International Securities Exchange, LLC. This change aims to modify Exchange Rule 402 to allow the listing and trading of options on Commodity-Based Trust Shares. The SEC decided to extend the time they have to make a decision on this rule change to June 17, 2025, to ensure they have enough time to consider it thoroughly. No comments on this proposal have been received from the public so far.
Simple Explanation
The SEC is like a big boss that checks if new rules in trading are good or not. They got a new rule from a group called the Miami International Securities Exchange that wants to let people trade a different kind of stuff called "Commodity-Based Trust Shares." The boss decided to take more time, until June 17, 2025, to think about this rule carefully.
2025-04354 — Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To Permit Orders Comprised of Options and Futures Legs (“Future-Option Orders”)
March 18, 2025
Type:Notice
Citation:90 FR 12629
Reading Time:about 2 minutes
The Securities and Exchange Commission (SEC) is reviewing a proposal by Cboe Exchange, Inc. to allow a new type of order that includes both options and futures, known as "future-option orders." The proposal was initially filed in September 2024 and has undergone various stages of review. The SEC decided to give themselves more time—until June 5, 2025—to make a final decision to approve or disapprove this rule change. This extension allows the SEC to thoroughly consider the proposal and any feedback received.
Simple Explanation
The Securities and Exchange Commission (SEC) is taking a little more time to decide if a new kind of trade that mixes both options and futures is a good idea. They will make up their minds by June 5, 2025, so they can think about it carefully.
2025-04226 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Shares of the Canary XRP Trust Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
March 17, 2025
Type:Notice
Citation:90 FR 12409
Reading Time:about a minute or two
Cboe BZX Exchange, Inc. filed a proposal with the Securities and Exchange Commission (SEC) to list and trade shares of the Canary XRP Trust. This proposal was initially published for comments in the Federal Register on February 25, 2025. The SEC has extended its decision-making period to May 26, 2025, to allow more time to consider the proposal and any issues it raises. The decision could be to approve, disapprove, or start a process to possibly disapprove the proposed rule change.
Simple Explanation
The people who decide if it's okay to sell a special type of stock called Canary XRP Trust need more time to think about it. They will now wait until the end of May to decide what to do.

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