PANews December 31 News, according to SEC announcement, the U.S. SEC has initiated a review process on Cboe Exchange’s proposed rule change to modify Rule 5.4(a). The proposal aims to adjust the minimum price increment for the Mini Bitcoin U.S. ETF Index (MBTX) options quote to: contracts priced below $3 will have a $0.01 minimum increment, and contracts priced at $3 and above will have a $0.05 minimum increment. This adjustment is intended to enhance market liquidity and align with competing products like IBIT options. The SEC will gather public comments and make a final decision on whether to approve the proposal.
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SEC initiates review of Cboe Bitcoin ETF options quote rule change case
PANews December 31 News, according to SEC announcement, the U.S. SEC has initiated a review process on Cboe Exchange’s proposed rule change to modify Rule 5.4(a). The proposal aims to adjust the minimum price increment for the Mini Bitcoin U.S. ETF Index (MBTX) options quote to: contracts priced below $3 will have a $0.01 minimum increment, and contracts priced at $3 and above will have a $0.05 minimum increment. This adjustment is intended to enhance market liquidity and align with competing products like IBIT options. The SEC will gather public comments and make a final decision on whether to approve the proposal.