The U.S. SEC postponed approving, rejecting, or starting the rule change procedures for an application submitted by Nasdaq to list and trade options on BlackRock's iShares Bitcoin ETF (IBIT), according to a filing dated March 6.
Five people have submitted comments during the proposal's open comment period, requesting that the SEC approve options trading on BlackRock's spot Bitcoin (BTC) ETF. Shortly after the securities watchdog approved Bitcoin-backed funds from issuers like BlackRock, Fidelity, and ARK 21Shares, Nasdaq filed the request in January.
The deadline set by the SEC to decide whether to approve, disapprove, or start proceedings in order to decide whether to reject the proposed rule change is April 24.
