SEC delays decision on Nasdaq PHLX Bitcoin index option proposal

The U.S. Securities and Exchange Commission (SEC) has extended its review period for a proposal from the Nasdaq PHLX exchange to list and trade Bitcoin index options. Consequently, the final deadline for a decision on the proposal has been postponed from March 28, 2026, to May 27. The SEC explained that the extension is to ensure sufficient time to fully consider various questions and public feedback that have been raised.