The U.S. Securities and Exchange Commission (SEC) has delayed a decision on allowing the Chicago Board Options Exchange (Cboe) to list and trade Bitcoin ETF options, Blockworks reports. Cboe first applied to list and trade its newly launched Bitcoin ETF options in January this year. The SEC said on Wednesday it would delay a decision on the proposed rule changes until the end of April. Options can be used to hedge risk, allowing one party to enter into a contract to buy or sell a financial product at a specific price within a specified period of time. Cboe has not yet commented on the delay. The New York Stock Exchange (NYSE) is also looking to offer options to list “commodity-based trust shares.” Nasdaq seeks to list options on BlackRock iShares Bitcoin Trust ETF. In addition to postponing Cboe's decision, the SEC also announced it is postponing a decision on the proposed rule changes. Decisions on all three proposed rule changes are scheduled for the end of April.