The U.S. SEC accelerates the approval of Cboe Bitcoin ETF index options new regulations

ChainCatcher News, the U.S. Securities and Exchange Commission (SEC) has announced its intention to expedite the approval of the rule change proposal amended by the Chicago Board Options Exchange (Cboe) under Amendment No. 2. The core of the new regulation is to add afternoon settlement options for the "Cboe Bitcoin U.S. ETF Index (CBTX)" and the "Mini Cboe Bitcoin U.S. ETF Index (MBTX)," covering three types: Friday expirations, non-standard expirations (including weekly and month-end expirations), and quarterly index expirations (QIX).

The SEC emphasized in the announcement that this approval is a reasonable extension of the existing afternoon settlement index options program, which can provide market participants with more flexible investment and hedging tools.