The United States Securities and Exchange Commission has delayed its decision to allow the New York Stock Exchange to offer options for trading on spot Bitcoin ETFs.
The next deadline for the SEC to approve, deny, or delay the proposed rule change on the New York Stock Exchange is on the 29th of May.
SEC Delays Decision
The Securities and Exchange Commission’s delay could significantly impact options trading on the Bitwise Bitcoin ETF (BITB), the Grayscale Bitcoin Trust (GBTC), and other trusts holding Bitcoin on the NYSE. The commission also said it would hold off its decision on the CBOE Exchange and the Miami International Securities Exchange until late April. The regulator stated,
“The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change.”
The Securities and Exchange Commission stated that it would need to thoroughly examine
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