Bitcoin ETF Options and Regulatory Changes
NYSE American LLC withdrew its proposal for regulatory rule changes to list spot Bitcoin ETF options, including options for the Bitwise Bitcoin (BTC) exchange-traded fund and Grayscale’s BTC ETF, as well as spot Ethereum (ETH) ETFs. This decision comes after initially filing for these changes in July but withdrawing the application in August. Cboe also re-submitted its application for spot Bitcoin ETF options, indicating ongoing dialogue with the SEC.
Potential Launch of Bitcoin ETF Options in Q4
Recent withdrawals of options proposals by platforms like BOX Exchange and MIAX Pearl suggest a potential launch of Bitcoin ETF options in the fourth quarter of this year. However, delays in decision-making by the SEC have been a source of frustration for investors and issuers awaiting approval. Proponents of crypto ETFs, including former Grayscale CEO Michael Sonnenshein, have urged the SEC to approve these options for increased investment opportunities.
Outlook for Spot BTC ETF Options Approval
ETF expert James Seyffart anticipates that spot Bitcoin ETF options could go live in the fourth quarter pending approval from the SEC and other regulatory bodies. Despite the delays and regulatory hurdles, there is optimism that investors will soon have access to a variety of portfolio options once these ETF options are approved.
