2025-12-31 09:36:48

The SEC officially initiated the review process on the day, evaluating the rule amendment proposal submitted by the Chicago Board Options Exchange. This modification targets the Mini Bitcoin U.S. ETF Index Option (code MBTX), primarily adjusting the standards for trading quote precision.

Specifically, the new rules will categorize contracts based on their price: contracts priced below $3 will have a minimum quote unit of $0.01; while those priced at $3 and above will uniformly adopt $0.05 as the minimum quote change unit. This differentiated setup ensures trading flexibility for low-priced contracts and simplifies the quoting process at higher price levels.

As an important trading tool for Bitcoin spot ETF derivatives, the rule optimization of MBTX directly affects the trading experience of market participants. After the rules take effect, both exchanges and investors will need to adjust their trading systems and strategies accordingly.

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LootboxPhobia

· 6h ago

Changing the rules again, huh? Can this actually make trading smoother this time? Feels like just scratching an itch.

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TokenomicsDetective

· 6h ago

It's both the SEC and regulatory adjustments. These days, things keep changing, and the trading system has to be updated accordingly. It's annoying.

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GamefiEscapeArtist

· 6h ago

Well, this adjustment to the quote precision, to put it simply, allows low-priced contracts to be operated more delicately, while high-priced ones are directly simplified. It's a quite practical design. This round of MBTX reform is probably aimed at attracting more participants, but the ones who can truly benefit are still those who specialize in quantitative trading. Wait, do I need to readjust my strategy after the rules take effect? That’s a bit troublesome. Let's wait until it’s actually implemented. It’s still under review. How much impact does this have on retail investors? It feels like just an optimization by the exchange itself.

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ProbablyNothing

· 6h ago

It's another issue of quotation accuracy, feels like it doesn't have much impact. It seems this change is just going through the motions; whether it can really make money depends on how Bitcoin itself moves. MBTX sounds good, but for retail investors, the difference isn't significant. Is the difference between 0.01 and 0.05 really that important? I still think it depends on the overall market. Another system update, trading gains have been messed around with for a few days. This kind of rule adjustment only makes sense for high-frequency trading; as retail investors, we still have to take the losses. Wait, when will this rule take effect? Feels like every time it's big news first, and in the end, nothing happens. It's just an accuracy adjustment, why is it so complicated? After all this, they only changed the quotation unit. Is this the efficiency of regulation?

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just_here_for_vibes

· 6h ago

It's another adjustment to the quoting accuracy; what difference does it make?

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SchrodingerWallet

· 6h ago

Another small adjustment like quote precision... but it should have some impact on high-frequency trading. Honestly, using 0.01 below $3 and 0.05 above $3... this distinction seems a bit arbitrary. Why specifically the number 3? Can mbtx really become a mainstream trading asset? Feels still quite niche.

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