2025-13729Notice

SEC Takes Extra Time to Ponder Crypto ETF Options Trading

Published Date: 7/22/2025

Notice

Summary

Nasdaq ISE wants to let people trade options on the Hashdex Nasdaq Crypto Index US ETF, a new crypto-related investment. The SEC is taking extra time to review this idea and will decide by September 2, 2025. This affects investors interested in crypto options and could open new ways to trade and invest.

Analyzed Economic Effects

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

Proposal to List Options on Crypto ETF

Nasdaq ISE filed on May 15, 2024, to amend Options 4, Section 3, to allow ISE to list and trade options on the Hashdex Nasdaq Crypto Index US ETF (File No. SR-ISE-2025-16). If approved, exchanges could list options tied to that crypto-related ETF, creating a new tradable options product for investors.

SEC Delays Decision to September 2, 2025

The SEC extended its review and set September 2, 2025, as the date by which it will approve, disapprove, or start proceedings on Nasdaq ISE’s proposed rule change. The 45-day review period after publication (which would have ended July 19, 2025) is extended so the Commission has more time to consider the filing.

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Key Dates

Published Date
Effective Date
7/22/2025
9/2/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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