The post Will SEC Approve Bitcoin Options ETF in 2024 appeared first on Coinpedia Fintech News
Following the U.S. Securities and Exchange Commission’s landmark approval of spot Bitcoin ETFs, a new challenge surfaces as the regulatory process delays the approval of options on Bitcoin ETFs, potentially impacting their appeal.
Regulatory Complexities
The delay in approving options on spot Bitcoin ETFs comes from the lack of a strong and established regulatory process. While the SEC traditionally approves technical rule changes for options shortly after an ETF starts trading, the case is different for Bitcoin.
The decentralized nature of Bitcoin has led the Commodity Futures Trading Commission (CFTC), which oversees commodity derivatives, to take extra time and carefully scrutinise the matter before approving.
Martin Leinweber, Digital Asset Product Strategist at MarketVector Indexes, providing the benchmark for spot Bitcoin ETFs in VanExk, says, “This dual regulatory engagement ad
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