The US Securities and Exchange Commission (SEC) has delayed its decision on whether to approve the NYSE's proposal to offer options trading for spot ETFs.
This delay, described in a document filed April 8, will affect options trading for the Bitwise Bitcoin ETF (BITB), the Grayscale Bitcoin Trust (GBTC) and any other funds holding Bitcoin on the NYSE.
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The regulator has stated it needs more time to consider the proposed rule change, and has therefore designated a longer period within which to take action. The new deadline for the SEC to approve, deny or delay the proposed NYSE rule change is next May 29.
The decision follows a similar outcome for Nasdaq last month, as it also requested options trading for BlackRock's iShares Bitcoin Trust (IBIT).