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SEC sets August 24 Bitcoin options deadline
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SEC sets August 24 Bitcoin options deadline

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  • The SEC has set an August 24 deadline for its review of Nasdaq's proposed Bitcoin options changes.
  • The proposal concerns position and exercise limits for options tied to spot Bitcoin exchange-traded products.
  • The review will determine whether Nasdaq can apply higher limits to the affected Bitcoin options products.

The US Securities and Exchange Commission (SEC) has set August 24 as its deadline for reviewing Nasdaq's proposed Bitcoin options rule change.

Nasdaq wants higher position and exercise limits for options linked to spot Bitcoin (CRYPTO:BTC) exchange-traded products.

The proposed change would allow larger options positions than current limits permit for the affected Bitcoin investment products.

The SEC could approve or reject the proposal after reviewing its impact on market integrity and investor protection.

Bitcoin options let traders gain exposure to Bitcoin-related products without directly buying or selling the cryptocurrency.

The review comes as US exchanges seek broader options markets around spot Bitcoin products following their expansion in recent years.

At the time of reporting, Bitcoin price was $62,593.20.

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