2025-11423Notice

SEC mulls Bitcoin ETF options—crypto goes FLEX on Nasdaq

Published Date: 6/23/2025

Notice

Summary

Nasdaq ISE wants to let people trade special FLEX options on the iShares Bitcoin Trust ETF, which is like a Bitcoin investment fund. The SEC is taking extra time, until August 7, 2025, to decide if this new trading option is a good idea. This affects investors interested in Bitcoin ETFs and could open new ways to trade and manage risk.

Analyzed Economic Effects

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

FLEX Options for iShares Bitcoin ETF

On April 22, 2025, Nasdaq ISE filed a proposal to allow FLEX equity options to trade on shares of the iShares Bitcoin Trust ETF. The SEC is reviewing that proposal and has set August 7, 2025 as the date by which it will approve, disapprove, or institute proceedings on the change. If approved, market participants would be permitted to trade FLEX options on that ETF.

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Key Dates

Published Date
6/23/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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