The Miami International Securities Exchange, LLC has submitted a proposed rule change to the Securities and Exchange Commission (SEC). This change will allow the Exchange to list and trade options on the Goldman Sachs Physical Gold ETF as well as update the names of some trusts to their current names. The SEC has approved the rule to become effective immediately to align with similar rules from other exchanges, noting no negative effects on investor protection or public interest. The public is encouraged to submit comments on this rule change, which are due by March 14, 2025.
Simple Explanation
The Miami International Securities Exchange wants to let people trade special bets, called options, on a trust that holds real gold from Goldman Sachs. They also want to update the names of some other trusts. The big rule makers said it's okay to start now and want people to share what they think by March 14, 2025.