A recent The Block report states that the Securities and Exchange Commission (SEC) has decided to postpone its verdict on Nasdaq ISE, LLC's request to list and trade options for BlackRock's spot Bitcoin exchange-traded fund (ETF) until April 24. In a recent filing, the SEC cited the need for additional time to thoroughly evaluate the proposed rule change before deciding whether to approve, disapprove, or initiate proceedings.

Previously, the SEC sought public input on Nasdaq's ability to enable options trading for BlackRock's spot Bitcoin ETF. Five individuals expressed their support for the approval of options trading in response to the SEC's request for comments.

Additionally, the SEC has also deferred decisions on whether to permit Cboe Exchange, Inc. and Miax Pearl LLC to list and trade options on spot bitcoin ETFs, setting the same deadline of April 24 for these cases. Cboe had submitted an SEC rule filing earlier this year, highlighting that its existing rules allow the listing of options on an Exchange-Traded Product (ETP) three days after the ETP's shares commence trading on a national securities exchange, with an exception for ETPs holding commodities such as Bitcoin.

Resources:

The Block

Filing