Sharing here since there has been no mention of this across crypto twitter / crypto publications / other crypto groups since March.
After continuous delays, the SEC is set to decide on options trading approval for spot bitcoin ETFs this week.
They have until Saturday, September 21 to decide. If no decision is made by the SEC, they automatically get approved.
Just a few days ago, an amendment was filed to set a limit of 25,000 contracts on position sizing and exercise. This is likely to limit manipulation risk and increase the chances of approval.
You can see the filings and amendments here: https://listingcenter.nasdaq.com/rulebook/ise/rulefilings
It’s the last one “A proposal to to amend Options 4, Section 3, Criteria for Underlying Securities, to allow the Exchange to list and trade options on iShares Bitcoin Trust as a Unit deemed appropriate for options trading on the Exchange.”
If there’s any context I missed let me know.
submitted by /u/fadisaleh
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