© Reuters.
NEW YORK – The Securities and Exchange Commission (SEC) is currently reviewing applications from two major exchange operators, Nasdaq and Cboe Global Markets, to introduce options trading for exchange-traded funds (ETFs) linked to bitcoin.
Nasdaq has submitted an options listing proposal for BlackRock’s Bitcoin fund, IBIT. For its part, Cboe Global Markets wants to launch options on various exchange-traded products linked to bitcoin. The initiative of the two exchanges demonstrates a growing interest for traditional investors, who thus have regulated means of exposing themselves to the cryptocurrency market.
With the review process underway, market analysts predict that the SEC could approve these new offerings as early as the end of February. However, they also warn that the decision could be delayed until September 21, depending on the regulator’s assessment.
The SEC has set a 21-day public comment period to allow stakeholders and members of the public to provide feedback on proposed options for Bitcoin ETFs. This period is a standard regulatory procedure that allows for transparency and public participation in the decision-making process.
Investors and the cryptocurrency community are eagerly awaiting the outcome of the SEC’s review, as it could open up new investment opportunities and broaden the acceptance of cryptocurrencies in financial markets.
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