Bitcoin

The Commodity Futures Trading Commission (CFTC) has paved the way for clearing Options on Spot Commodity Exchange Traded Funds (ETFs). This step will mark a development in the cryptocurrency market, especially for Bitcoin-related products.In an official press <a href="https://www.cftc.gov/PressRoom/PressReleases/9008-24" rel="noopener noreferrer nofollow">statement </a>released on Friday, the Division of Clearing and Risk under the CFTC issued a staff advisory related to the clearing of Options on spot commodity ETFs. The announcement comes after spot Bitcoin ETFs were approved by the Securities and Exchange Commission (SEC). With the CFTC&#39;s approval, the ETFs could now be traded as contracts to enter the market, allowing hedging and speculation. This was earlier limited to only futures-based products.In his X post, financial analyst Eric Balchunas described the fast growth of <a href="https://cryptotale.org/bitcoin-jumps-to-8th-largest-asset-ibit-etf-sets-record/" rel="noopener noreferrer nofollow">Bitcoin </a>ETFs and their integration into the conventional financial system. He further stated that options trading could greatly improve liquidity while maintaining the trends in the financial sector. This would enable investors to focus on their Bitcoin and leverage gains.Elaborating on the market condition, the Chair of CFTC, Rostin Behnam, stated that the overall markets are unregulated and often exhibit mixed practices. In response, Behnam urged the Commission to be more transparent with its data holdings, noting that marketing financial products are tied to high-risk commodities.<a href="https://cryptotale.org/cftc-approves-clearing-of-options-on-spot-commodity-etfs/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

CFTC Approves Clearing of Options on Spot Commodity ETFs

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