The Securities and Exchange Commission (SEC) is delaying a decision on whether to allow Nasdaq ISE, LLC to list and trade options on BlackRock's spot bitcoin exchange-traded fund until next month.
"The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change," the SEC stated in a filing made on Thursday.
The SEC had previously asked for comments from the public on whether Nasdaq would be able to allow for options trading on BlackRock's spot bitcoin ETF. That had garnered five comments from individuals who said they wanted the SEC to approve the options trading.
The SEC also delayed making a decision on whether it should allow Cboe Exchange, Inc. and Miax Pearl LLC to list and trade options on spot bitcoin ETFs. Cboe submitted an SEC rule filing earlier this year, noting that current rules generally permit listing options on an ETP three days after trading begins, but those rules do not apply to ETPs holding commodities such as BTC.