Federal Register #SR-CBOE-2026-064

SEC Notice: Cboe Exchange Rule Change for Bitcoin ETF Index Options Fees

This notice from the Securities and Exchange Commission (SEC) concerns a proposed rule change by Cboe Exchange, Inc. regarding transaction fees for proprietary financial products. - Government Buyer: - Securities and Exchange Commission (SEC) - OEM/Vendor: - Cboe Exchange, Inc. (the only OEM/vendor mentioned) - Products/Services: - No products or services are being procured; this is a regulatory notice - The rule change applies to Cboe Bitcoin U.S. ETF Index Options (CBTX) and Cboe Mini Bitcoin U.S. ETF Index Options (MBTX) - Key Details: - Amendments introduce new fee codes and adjust transaction fees for various order types and execution methods - Specific fees and rebates are outlined for market makers and non-customer orders - The proposal aims to incentivize market makers to maintain tight quotes and discourage opportunistic trading behavior - No purchase quantities, part numbers, or procurement of goods/services are involved - The rule change is effective immediately and applies exclusively to Cboe Exchange proprietary products

Description

The Securities and Exchange Commission announced a notice of filing and immediate effectiveness of a proposed rule change by Cboe Exchange, Inc. to amend the standard transaction fees for Cboe Bitcoin U.S. ETF Index Options (CBTX) and Cboe Mini Bitcoin U.S. ETF Index Options (MBTX). The rule change modifies fee codes and rates for various order types and execution methods, including fees for non-customer orders and rebates for Market-Maker orders. The changes aim to address market quality issues and are effective immediately upon filing.

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