PANews reported on February 29 that the U.S. Securities and Exchange Commission (SEC) announced a proposal from NYSE American LLC to amend Rule 915 to allow the listing and trading of options on Bitcoin ETFs, Grayscale Bitcoin Trust (GBTC) and any trust holding Bitcoin. The move is intended to provide investors with more opportunities to gain exposure to the Bitcoin market and meet investment needs as a hedging tool while maintaining the same trading rules and procedures as existing ETF options. The SEC will make a decision within 45 days of issuing a notice, which may be extended to 90 days.
