The U.S. Securities and Exchange Rate (SEC) has launched a assessment task for a rule switch proposed by the CBOE switch.
SEC Begins Reviewing Proposed Bitcoin ETF Modification!
In conserving with Chinese language cryptocurrency journalist Wu Blockchain, the SEC has begun reviewing CBOE’s proposed changes to Bitcoin ETF possibility trading sizes to either approve or reject them.
The SEC announced it has begun reviewing Cboe Choices Exchange’s (CBOE) proposal to substitute the associated price magnify vary (tick size) of Mini Bitcoin US ETF Index (MBTX) alternate choices.
The proposal comprises surroundings a minimal designate increment vary of $0.01 for alternate choices below $3; and $0.05 for alternate choices priced at $3 or bigger.
The SEC acknowledged that this also can additional overview whether the proposal complies with the Securities Exchange Act’s requirements to finish manipulation, promote pretty switch, and provide protection to traders, and that it awaits public solutions.
The closing date for submitting public opinions has been put of living as January 21, 2026.
CBOE submitted the proposal to the SEC in tiresome September, arguing that the switch used to be foremost to assemble obvious consistency with BlackRock’s arrangement BTC ETF IBIT, which already uses a narrower designate magnify vary.
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