SEC delays ruling on these two Bitcoin ETF options


  • SEC delays decision on NYSE’s Bitcoin ETF options program.
  • Bitwise and Grayscale Bitcoin ETF options trading on hold.
  • SEC seeks more time to review Bitcoin ETF options rules.

The Securities and Exchange Commiision (SEC) has extended the deadline because of its decision on the New York Stock Exchange (NYSE) program to provide options trading on Bitcoin ETFs. This particular delay impacts several options for trading on several Bitcoin ETFs, including the Bitwise Bitcoin ETF (BITB) and Grayscale Bitcoin Trust (GBTC). The SEC delayed its action as it needed more time to think about the NYSE’s proposed rule changes. 

Source: SEC

Options trading on Bitcoin ETFs is a substantial shift in crypto investing. It offers an entry point for investors to speculate on the pricing trends of Bitcoin without getting the electronic asset directly. This particular derivative trading approach enables investors to experience the volatility of Bitcoin on a regulatory market.

Crypto market anticipate Bitcoin ETF options approval

The SEC delay in providing the NYSE’s request causes uncertainty for stakeholders wanting to see options trading on Bitcoin ETFs. This follows BlackRock postponing a similar request for Nasdaq to talk about options trading in the iShares Bitcoin Trust (IBIT) owned by BlackRock. The regulatory authority has extended the deadline till 21st of May to apply its decision. 

Options trading on BTC ETFs is considered as logical development following the SEC endorsement of Bitcoin futures ETFs and area ETFs. Supporters of the approval claim these changes would make the marketplace better and more effective. Grayscale’s CEO, Michael Sonnenshein stressed the significance of advancing the legal framework to incorporate options on fixed BTC ETFs. He asserts that this evolution is essential for cultivating a much healthier industry and growing investment ways for digital currency market.

Digital Assets Face Critical SEC Examination Phase

The SEC’s deliberations mirror regulatory challenges with electronic asset addition inside the conventional monetary system. New rules for options trading on BTC ETFs warrant thorough evaluation for investor protection industry reliability. The SEC’s management of these submissions reflects a cautious but open attitude to economic product innovation. 

Options trading on Bitcoin ETFs, possibly getting approved, is a major step towards the maturation of the crypto sector. It will broaden investment possibilities and also show regulatory acceptance of more complicated electronic asset based financial tools.

NB: News was sourced from the Securities and Exchange Commission filings.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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Mutuma Maxwell

Maxwell especially enjoys penning pieces about blockchain and cryptocurrency. He started his venture into blogging in 2020, later focusing on the world of cryptocurrencies. His life's work is to introduce the concept of decentralization to people worldwide.

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