U.S. SEC Accelerates Approval of Cboe Bitcoin ETF Index Options New Rules

ChainCatcher news, The United States Securities and Exchange Commission (SEC) has issued an announcement aimed at expediting the approval of the Chicago Board Options Exchange (Cboe)'s proposed rule change, as amended by Amendment No. 2. The core of this new regulation is to add afternoon-settled options for the "Cboe Bitcoin US ETF Index (CBTX)" and "Mini Cboe Bitcoin US ETF Index (MBTX)", covering three types: Friday expirations, non-standard expirations (including weekly and month-end expirations), and quarterly index expirations (QIX).

The SEC emphasized in the announcement that this approval is a reasonable extension of the existing afternoon-settled index options program and can provide market participants with more flexible investment and hedging tools.