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<p>The post <a href="https://coinpedia.org/news/the-sec-may-approve-bitcoin-etf-options-in-february/">The SEC May Approve Bitcoin ETF Options in February</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The U.S. Securities and Exchange Commission is expeditiously processing its decision regarding spot Bitcoin ETF-based options products. Bloomberg analyst James Seyffart reveals crucial details, highlighting an accelerated timeline and potential approval by the end of February.</p> 
<h2 class="wp-block-heading" id="h-the-decision-in-27-days"><strong>The Decision in 27+ days&nbsp;</strong></h2> 
<p>The SEC has officially confirmed the filing of 19b-4 for options products based on spot Bitcoin ETFs. <a href="https://x.com/JSeyff/status/1748417802082431125?s=20">James Seyffart</a>, from Bloomberg Intelligence, notes that this pace is much faster than the SEC’s usual timelines of processing 19b-4s filings, which mostly takes 14 days.</p> 
<p>His anticipated date of approval is before the end of February. He further clarifies that with the earliest decision expected to come around in 27+ days, the maximum deadline is set to be around September 21, 2024.</p> 
<h2 class="wp-block-heading" id="h-key-filings-and-dates"><strong>Key Filings and Dates</strong></h2> 
<p>Several filings have been made, including <a href="https://www.sec.gov/files/rules/sro/nysearca/2024/34-99398.pdf">SR-NYSEARCA-2024-06</a> by NYSE Arca, <a href="https://www.sec.gov/files/rules/sro/ise/2024/34-99396.pdf">SR-ISE-2024-03</a> by Nasdaq ISE, LLC, and <a href="https://www.sec.gov/files/rules/sro/cboe/2024/34-99395.pdf">SR-CBOE-2024-005</a> by Cboe Exchange, Inc. Each filing seeks approval for options trading related to Bitcoin ETFs, with comments from the public invited within 21 days of publication in the Federal Register.</p> 
<p>Nasdaq’s <a href="https://www.sec.gov/files/rules/sro/ise/2024/34-99396.pdf">proposal </a>for options trading on BlackRock’s spot Bitcoin ETF is currently under the SEC’s scrutiny. The SEC has initiated a 21-day public comment period, considering amendments to trading criteria to facilitate options trading on iShares Bitcoin Trust.</p> 
<h2 class="wp-block-heading" id="h-what-s-next"><strong>What’s Next?</strong></h2> 
<p>In addition to Bitcoin, major firms like BlackRock and Fidelity are vying for approval of a spot in Ethereum ETF.&nbsp;The SEC has extended Fidelity’s Ethereum Fund decision deadline until March 5. Fidelity cites a previous court ruling questioning the SEC’s inconsistency in approving futures-based products while rejecting spot crypto ETFs without clear rationale.&nbsp;</p>

The SEC May Approve Bitcoin ETF Options in February

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