Bitcoin ETF

Bitcoin

Options trading for spot Bitcoin ETFs may be up after a Securities and Exchange Commission nod allowed multiple “non-security commodity” funds to list on U.S. exchanges.
Nasdaq submitted 19b-4 filings with the SEC to amend listing rules allowing trading derivatives on ETFs underpinned by Bitcoin (<a href="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>).
Following the proposed rule changes, the <a href="https://www.sec.gov/edgar" target="_blank" rel="noopener noreferrer nofollow">SEC</a> has acknowledged the requests, opening a 21-day window for public comments and feedback. ETF expert James Seyffart opined that the SEC could field a decision on these filings by the end of February; however the verdict may also be delayed until September.
The SEC does not usually respond as quickly to these sorts of requests, Seyffart <a href="https://twitter.com/JSeyff/status/1748417802082431125?s=20" target="_blank" rel="noopener noreferrer nofollow">noted</a> on X.&nbsp;
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 Absolute latest we get a decision is somewhere around ~Sept 21, 2024.— James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1748427056151437535?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">January 19, 2024</a>
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Options on spot BTC ETFs could unlock another channel for investors to access Bitcoin exposure. These derivatives allow traders to speculate or hedge against volatility, a market phenomenon closely associated with cryptocurrencies and other risk assets.
If approved, options would join the swathe of Bitcoin-related products that have entered markets shortly after spot BTC ETFs were approved. Financial products provider Direxion already <a href="https://crypto.news/direxion-submits-five-leveraged-spot-bitcoin-etf-applications/" rel="noopener noreferrer nofollow">filed</a> for five leveraged spot Bitcoin ETFs.&nbsp;
Increased interest in crypto ETFs has also spread beyond U.S. soil, with Hong Kong regulators and institutions <a href="https://crypto.news/hong-kongs-venture-smart-financial-to-launch-spot-bitcoin-etf-in-q1/" rel="noopener noreferrer nofollow">gearing</a> up to launch similar products in Q1 this year. Watchdogs in <a href="https://crypto.news/singapores-mas-cautions-investors-against-buying-spot-bitcoin-etfs/" rel="noopener noreferrer nofollow">Singapore</a> and South Korea have cautioned against spot BTC funds, although officials may push for a different view.
South Korea’s presidential office <a href="https://crypto.news/south-korea-to-revisit-stance-on-spot-bitcoin-etfs/" target="_blank" rel="noopener noreferrer nofollow">implored</a> local regulatory agencies to reassess their crypto stance amid growing demand for BTC-related investment vehicles.
Read more: <a href="https://crypto.news/grayscale-ceo-most-spot-bitcoin-etfs-will-not-survive/" rel="noopener noreferrer nofollow"> Grayscale CEO: Most spot Bitcoin ETFs will not survive </a>

SEC acknowledges Nasdaq’s spot Bitcoin ETF options request

crypto.news

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