SEC Extends Review of Bitcoin Trust Options as Grayscale Considers Legal Action

The U.S. Securities and Exchange Commission (SEC) has announced an extended review period for Nasdaq ISE's proposal to list and trade options on the iShares Bitcoin Trust. The delay allows the SEC until Apr. 24 to consider the implications and public feedback. Additionally, Grayscale Investments is signaling potential legal action against the SEC following the denial of options trading for its Grayscale Bitcoin Trust (GBTC). It argues for parity with other financial products, emphasizing the benefits of options trading in enhancing market navigation and investment hedging.