US SEC accelerates approval of new regulations on Cboe Bitcoin ETF index options

Huobi HTX reported that the U.S. Securities and Exchange Commission (SEC) issued an announcement aimed at speeding the approval of the Chicago Options Exchange (Cboe) proposal for changes to the rule as amended by Amendment No. 2. The core of the new regulations is to add afternoon settlement options for the "Cboe Bitcoin US ETF Index (CBTX)" and the "Mini Cboe Bitcoin US ETF Index (MBTX)", covering three types: Friday expiration, non-standard expiration (including weekly expiration, end-of-month expiration) and quarterly index expiration (QIX). The SEC emphasized in its announcement that the approval is a reasonable expansion of the existing afternoon settlement index option plan and can provide market participants with more flexible investment and hedging tools.