SEC Pauses on New Bitcoin Options for Extra Scrutiny
Published Date: 9/3/2025
Notice
Summary
The Cboe Exchange wants to add new Bitcoin ETF options that settle in the afternoon, with special expiration dates like third Fridays and quarterly schedules. The SEC is taking extra time to decide if this change is a go or no-go. This affects investors interested in Bitcoin ETFs and could open up fresh trading opportunities soon.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
New P.M.-Settled Bitcoin ETF Options
The Cboe Exchange proposed listing P.M.-settled options on the Cboe Bitcoin U.S. ETF Index and the Mini-Cboe Bitcoin U.S. ETF Index with third Friday expirations, nonstandard expirations, and quarterly index expirations. If approved, these new option series would create new trading opportunities tied to those two Bitcoin ETF indexes.
Decision Delayed to October 31, 2025
The Securities and Exchange Commission extended the period for deciding whether to approve or disapprove the Cboe proposed rule change by 60 days and set October 31, 2025 as the new decision date. That delay means investors must wait until that date to know whether the P.M.-settled Bitcoin ETF options will be allowed.
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