2025-08927Notice

SEC Delays Bitcoin Options Launch on Cboe Exchange

Published Date: 5/20/2025

Notice

Summary

Cboe Exchange wants to start trading options on the VanEck Bitcoin Trust, but the SEC needs more time to review the plan. This affects investors interested in Bitcoin options and could open new trading opportunities once approved. The SEC extended their decision deadline past May 18, 2025, so stay tuned for updates on when this exciting change might happen!

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

Proposed Options on VanEck Bitcoin Trust

Cboe Exchange filed a proposed rule change (SR-CBOE-2025-017) to amend Exchange Rules 4.3, 4.20, and 8.30 to allow the Exchange to list and trade options on the VanEck Bitcoin Trust. The proposal was filed March 14, 2025 and revised through Amendment No. 4 filed May 1, 2025; the proposal was published for comment on April 3, 2025.

SEC Extends Review Deadline to July 2, 2025

The Securities and Exchange Commission extended the 45-day review period for the proposed rule change (SR-CBOE-2025-017) that would allow Cboe to list options on the VanEck Bitcoin Trust. The 45th day after publication would have been May 18, 2025; the Commission designated July 2, 2025 as the new deadline for action.

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Key Dates

Published Date
Effective Date
5/20/2025
7/2/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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