The decision whether to permit Nasdaq ISE, LLC to list and trade options on BlackRock’s spot Bitcoin ETF has been postponed until the next month by the Securities and Exchange Commission.
This extension was announced in a filing on Thursday, with the SEC explaining that it needs more time to consider and potentially approve or start proceedings on the proposed rule change.
Prior to this, the SEC had requested public comments on whether Nasdaq should be permitted to host options trading for the spot Bitcoin ETF, receiving five responses in support of it.
Additionally, the SEC also deferred its decision on whether Cboe Exchange, Inc. and Miax Pearl LLC should be allowed to list and trade options on spot Bitcoin ETFs, with a new deadline of April 24th set for those filings as well. Cboe had previously submitted a rule filing to the SEC earlier this year.
