The U.S. SEC is seeking comments on a proposed rule change that would allow investors to trade options on Bitwise and Grayscale Bitcoin ETFs.
The United States Securities and Exchange Commission (SEC) is seeking comments on a proposed rule change that allows the listing and trading of options for Bitcoin exchange-traded funds (ETFs).
According to a Feb. 23 notice, the NYSE requested a rule change to permit the listing and trading options on the Bitwise Bitcoin ETF (BITC), the Grayscale Bitcoin Trust (GBTC), and “any trust that holds Bitcoin.”
If approved, the options will trade "in the same manner as options on other ETFs (including commodities ETFs) on the Exchange,” reads the notice. This includes regulations such as listing criteria, expiration dates, strike prices, minimum price changes, position and exercise limits, margin requirements, and procedures for customer accounts and trading suspensions.
