SEC Buys More Time on Grayscale Bitcoin Flexible Options Proposal
Published Date: 6/23/2025
Notice
Summary
NYSE American wants to offer flexible options on the Grayscale Bitcoin Trust, but the SEC is taking extra time to review the changes before giving the green light. This affects investors interested in Bitcoin-related options and could open new ways to trade if approved. The SEC’s decision timeline has been extended, so keep an eye out for updates that might impact your trading moves and money.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
FLEX Options Proposed for GBTC
NYSE American filed a proposed rule change to permit Flexible Exchange (FLEX) options on shares of the Grayscale Bitcoin Trust (filed December 13, 2024; amended April 25, 2025). If approved, exchanges would be allowed to list FLEX options on GBTC shares.
SEC Extends Decision Deadline
The Securities and Exchange Commission extended the 180‑day review period by 60 days and designated August 24, 2025 as the new date to approve or disapprove the proposed rule change (original notice published December 27, 2024). The extension gives the Commission more time to consider the filing.
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