The United States Securities and Exchange Commission has delayed its decision on approving options trading on spot Bitcoin ETF.
Options trading on spot Bitcoin ETFs could open the door for more institutional capital into Bitcoin.
SEC Delays Decision
The United States Securities and Exchange Commission has postponed its decision to approve options trading on spot Bitcoin ETFs. In a March 6 filing, the SEC extended the time to respond to Cboe Exchange and the Miami International Securities Exchange on their bids to offer options trading on Bitcoin ETFs.
“Cboe Options’ current rules generally permit it to list options on an ETP three days after shares of the ETP begin trading on a national securities exchange. However, those rules do not apply to ETPs holding commodities such as Bitcoin.”
The SEC also delayed its decision on Nasdaq’s bid to offer options on BlackRock’s iShares Bitcoin Trust (IBIT). In its reasoning, the SEC stated that the delay would give it
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