NYSE American LLC files to amend Rule 915 for Options on Bitwise Bitcoin ETF and Grayscale Bitcoin Trust.

NYSE American LLC has filed a proposed rule change with the U.S. Securities and Exchange Commission (SEC) to amend Rule 915 so that the exchange can list and trade standardized options on shares of the Bitwise Bitcoin ETF and the Grayscale Bitcoin Trust (GBTC). The filing appears in the Federal Register as a notice under Section 19(b)(1) of the Securities Exchange Act, outlining how these spot bitcoin products meet the exchange’s existing criteria for underlying securities eligible for options, particularly Rule 915 and its Commentary .06 provisions governing options on exchange-traded funds and similar products. The proposal is part of a broader wave of exchange rule changes following SEC approval of U.S. spot bitcoin exchange‑traded products, in which exchanges seek to treat bitcoin ETPs similarly to other ETF underlyings for options purposes. By explicitly bringing Bitwise’s spot bitcoin ETF and Grayscale’s trust within Rule 915’s framework, NYSE American is laying the groundwork for listed options on these products to trade under the same eligibility, surveillance, and investor‑protection standards that apply to options on traditional equity and commodity ETFs. This fits into a wider pattern of crypto integration, as later NYSE American and other exchange filings seek to expand and harmonize position limits and FLEX options treatment for options on a broader set of bitcoin and ethereum ETPs, including Bitwise and Grayscale products.

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• [PDF] File No. SR-NYSEAMER-2024-49) October 18, 2024 Self ... - SEC.gov (sec.gov)
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• [PDF] Federal Register/Vol. 91, No. 55/Monday, March 23, 2026/Notices (govinfo.gov)
• NYSE American LLC; Order Approving a Proposed Rule Change, as ... (federalregister.gov)
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