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Coinworld News reported that according to the SEC website, it has decided to designate an extended processing period to make a decision on Nasdaq PHLX's proposed rule change regarding the listing and trading of Nasdaq Bitcoin Index Options. The proposed rule change was originally submitted on September 23, 2025, and the SEC previously initiated relevant procedures in December 2025 to determine whether to approve the proposal. In accordance with applicable laws and regulations, the SEC has now postponed the final decision deadline for this application from March 28, 2026 to May 27, 2026. The SEC explicitly stated that the extension of the decision timeline is to ensure sufficient time to review the proposal and the various issues and public comments it raises.