2025-04352Notice

Nasdaq Bitcoin Index Options Trading Delayed by SEC Review

Published Date: 3/18/2025

Notice

Summary

Nasdaq PHLX wants to start trading options based on the Nasdaq Bitcoin Index, but the SEC needs more time to decide if it’s a good idea. Instead of deciding by April 10, 2025, the SEC pushed the deadline to May 25, 2025. This affects investors interested in Bitcoin options and could open new ways to trade cryptocurrency-related products.

Analyzed Economic Effects

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

Proposal to List Bitcoin Index Options

Nasdaq PHLX filed a proposed rule change on February 4, 2025 (published February 24, 2025) to introduce a new index options product called Nasdaq Bitcoin Index Options. If approved, this would create a new way to trade options tied to the Nasdaq Bitcoin Index and expand cryptocurrency-related trading products.

SEC Delays Decision to May 25, 2025

The SEC extended its review of Nasdaq PHLX's proposed Nasdaq Bitcoin Index Options. Instead of deciding by April 10, 2025, the Commission set May 25, 2025 as the new date to approve, disapprove, or institute proceedings on the proposal.

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Key Dates

Published Date
3/18/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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