US SEC Reviews NYSE Arca Proposal to List Grayscale Crypto ETF: Amendment Filed to Enable Spot Market Exposure by way of Digital Large Cap Fund | Charltons Quantum

Explore the most recent traits within the Bitcoin house. This article dives into: “US SEC Reviews NYSE Arca Proposal to List Grayscale Crypto ETF: Amendment Filed to Enable Spot Market Exposure via Digital Large Cap Fund | Charltons Quantum”.

On 25 June 2025, the United States Commodity Futures Trading Commission (US CFTC) issued a No-Action Letter (CFTC No-Action Letter No. 25-17) in relation to MIAX Futures Exchange, LLC’s short-term buying and selling of Minneapolis Hard Red Spring Wheat (HRSW) choices on futures solely via block trades, administered by the Division of Market Oversight.

The No-Action Letter addresses MIAX Futures’ request to facilitate buying and selling of HRSW choices after the unavailability of an digital buying and selling system, following the migration of HRSW futures to MIAX’s Onyx platform on 29 June 2025. It offers short-term aid from sure Designated Contract Market (DCM) necessities underneath the United States Commodity Exchange Act, permitting market individuals, together with non-Eligible Contract Participants (non-ECPs), to commerce out of or offset open positions within the September and December 2025 expirations. The aid is conditional, time-limited, and goals to make sure market continuity with out compromising regulatory oversight.

MIAX Futures submitted the request on 23 June 2025, and the US CFTC issued the letter on 25 June 2025, with the aid efficient from 29 June 2025 to 29 August 2025. The letter was open for public remark from 23 June to 25 June 2025.

The US CFTC has acknowledged it is not going to advocate enforcement motion towards MIAX Futures for implementing the Temporary HRSW Options Block Trading Protocol, which allows block trades with out a centralized market, lowers the block commerce threshold from 15 contracts to at least one contract, and permits non-ECPs to take part, supplied the next circumstances are met: the aid applies solely to HRSW choices within the September and December 2025 expirations; MIAX Futures should promptly file and submit rule amendments on its web site; the amendments have to be recognized as short-term and tied to the no-action aid; MIAX Futures should reply to US CFTC requests for extra info; and MIAX Futures should present advance discover of plans to allow digital buying and selling of HRSW choices on Onyx. The letter specifies that MIAX Futures will monitor buying and selling to forestall manipulation and worth distortions, with its Market Regulation Department reviewing block commerce costs for equity utilizing comparable commerce information, settlement costs, and a proprietary choices pricing utility.

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