Type:Notice
Citation:90 FR 10738
Reading Time:about a minute or two
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.
Simple Explanation
The government is taking more time to think about a new rule for trading bitcoin in a special way, to make sure they get it right. They want to decide by April 6, 2025, to keep everything fair and safe.