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The Miami International Securities Exchange, LLC has filed a proposal with the Securities and Exchange Commission to list and trade options on three Ethereum-related funds: the Grayscale Ethereum Trust, the Grayscale Ethereum Mini Trust, and the Bitwise Ethereum ETF. They plan to change several rules to accommodate these options, including those about position and exercise limits, ensuring they align with current standards for trading other commodities like precious metals and bitcoin. The proposal aims to offer investors more opportunities and benefits through options trading on these funds, similar to existing options for other Exchange-Traded Funds (ETFs) and Exchange-Traded Products (ETPs). The proposal also emphasizes maintaining strict surveillance and reporting procedures to prevent market manipulation and protect investors.

The Securities and Exchange Commission (SEC) announced that MEMX LLC, a self-regulatory organization, proposed a rule change to allow the listing and trading of options on several Bitcoin-related funds, namely the Grayscale Bitcoin Trust, the Grayscale Bitcoin Mini Trust, and the Bitwise Bitcoin ETF. This proposal aims to give investors an additional tool to gain exposure to Bitcoin's price movements within regulated markets, offering options priced competitively against spot Bitcoin. The proposed options will adhere to existing rules regarding listing criteria, trading, and position limits, and MEMX believes these options can increase market transparency and efficiency. The SEC is seeking comments from the public regarding this proposed rule change.

The NYSE American LLC has proposed a new rule to the Securities and Exchange Commission allowing the listing and trading of options on the iShares Bitcoin Trust, the Fidelity Wise Origin Bitcoin Fund, and the ARK21Shares Bitcoin ETF. This initiative aims to boost market liquidity, price efficiency, and transparency for these Bitcoin-backed funds, ensuring investors have a stable and cost-effective way to engage with the Bitcoin market. The rule also outlines specific position limits and surveillance measures to prevent market manipulation and ensure investor protection. The proposal has been approved for immediate effectiveness, allowing options to be listed once all necessary systems are prepared to handle trading.