Bitcoin ETF

Bitcoin

<h2 class="wp-block-heading" id="sec-postpones-spot-bitcoin-etf-options-decision">SEC Postpones Spot Bitcoin ETF Options Decision</h2>
<p>The U.S. Securities and Exchange Commission <a href="https://btc-pulse.com/u-s-sec-delays-decision-grayscales-application/" rel="noopener noreferrer nofollow">(SEC)</a> has once again delayed making a decision on the approval of spot Bitcoin Exchange-Traded Fund (ETF) options. This postponement is part of an ongoing evaluation process that seeks to involve public input.</p>
<h2 class="wp-block-heading" id="request-for-public-comment">Request for Public Comment</h2>
<p>In a recent public filing, the SEC extended the review period and called for public comments concerning the proposed options <a href="https://btc-pulse.com/south-korean-overtakes-us-dollar-crypto-trading/" rel="noopener noreferrer nofollow">trading </a>on Bitcoin ETFs. The agency has specified a 21-day period for initial comments and an additional 35 days for rebuttals.</p>
<h2 class="wp-block-heading" id="key-questions-from-the-sec">Key Questions from the SEC</h2>
<p>The SEC’s key concerns involve the <a href="https://btc-pulse.com/regulation/" rel="noopener noreferrer nofollow">regulatory </a>framework for these options. The question remains whether options on Bitcoin ETFs should adhere to the same position limits as stock options and whether the availability of Bitcoin in the market should influence these limits.</p>
<h2 class="wp-block-heading" id="applicants-eager-for-approval">Applicants Eager for Approval</h2>
<p>Several exchanges, including Cboe Exchange, Inc., BOX Exchange LLC, MIAX International Securities <a href="https://btc-pulse.com/hong-kong-crypto-exchanges-regulatory-hurdles/" rel="noopener noreferrer nofollow">Exchange </a>LLC, Nasdaq ISE, LLC, and NYSE American LLC, have submitted applications to initiate options trading on Bitcoin ETFs. These applications highlight the growing interest in offering more diverse cryptocurrency investment products.</p>
<h2 class="wp-block-heading" id="previous-delays-and-future-deadlines">Previous Delays and Future Deadlines</h2>
<p>Earlier in April, the SEC delayed <a href="https://btc-pulse.com/price-prediction/sofi-stock-price-prediction/" rel="noopener noreferrer nofollow">decisions</a> on applications from Grayscale and Bitwise, which sought to introduce Bitcoin options ETFs. The next critical date for a decision from the SEC is scheduled for May 29, indicating the ongoing cautious approach of the regulator towards cryptocurrency ETFs.</p>
<h2 class="wp-block-heading" id="industry-leaders-push-for-progress">Industry Leaders Push for Progress</h2>
<p>Grayscale CEO Michael <a href="https://twitter.com/Sonnenshein/status/1754487928418369599" target="_blank" rel="noopener noreferrer nofollow">Sonnenshein </a>has been vocal about the need for an options market for spot Bitcoin ETFs, asserting that it would benefit both retail and institutional investors. Despite the complexities involved, Sonnenshein remains optimistic about the eventual approval of such investment products.</p>
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   <p lang="en" dir="ltr">As we look ahead, I think it’s never been more important for the <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#crypto</a> and ETF communities alike to advocate for the development of a robust listed options market for spot <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#bitcoin</a> ETFs. Although <a href="https://twitter.com/search?q=%24GBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$GBTC</a> has been in the public market since 2015, it was never accompanied by listed…</p>— Sonnenshein (@Sonnenshein) <a href="https://twitter.com/Sonnenshein/status/1754487928418369599?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">February 5, 2024</a>
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<p>As the SEC continues to assess the regulatory implications of Bitcoin ETF options, the market and potential investors are keenly watching for any developments that might signal a shift in the regulatory landscape for cryptocurrencies.</p>

SEC Delays Decision on Spot Bitcoin ETF Options, Calls for Public Input

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