# 2025-15833: SEC Delays Bitcoin Options Launch: Crypto Traders Left Hanging

2025-15833, Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove Proposed Rule Change To List and Trade Nasdaq Bitcoin Index Options, is a Federal Register notice from Securities and Exchange Commission published 2025-08-20, effective 2025-10-24 (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-15833
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-15833
- Title: Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove Proposed Rule Change To List and Trade Nasdaq Bitcoin Index Options
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 90 FR 40687
- Published: 2025-08-20
- Effective: 2025-10-24
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

SEC Delays Bitcoin Options Launch: Crypto Traders Left Hanging

## Summary

The SEC is taking extra time to decide if Nasdaq PHLX can list and trade new Bitcoin index options. This affects investors and traders interested in Bitcoin-based products, as the decision could open up fresh ways to invest or trade. The SEC’s deadline to approve or reject this change has been extended, so everyone’s waiting a bit longer before these options hit the market.

## Effects PRIA read

- Decision on Bitcoin Options Delayed: cost, low. If you invest or trade, the SEC extended the deadline to decide whether Nasdaq PHLX can list Nasdaq Bitcoin Index Options. The decision deadline moved from August 23, 2025 (180 days after publication) to October 24, 2025, so potential new Bitcoin index options will be delayed until at least that da…

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## Sources
- [2025-15833 on federalregister.gov](https://www.federalregister.gov/documents/2025/08/20/2025-15833/self-regulatory-organizations-nasdaq-phlx-llc-notice-of-designation-of-longer-period-for-commission)
- [2025-15833 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-08-20/pdf/2025-15833.pdf)

## Related
- [Previous: 2025-15832, Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Designation of Longer…](https://policyrisk.com/federal-register/2025-15832)
- [Next: 2025-15834, Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immedi…](https://policyrisk.com/federal-register/2025-15834)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2025-15833 (as of 2026-06-08).