On November 16, the Commodity Futures Trading Commission (CFTC) announced ceasing its oversight of the clearing process for Bitcoin ETF options. The spotlight now turns to the Options Clearing Corporation (OCC), which must finalize the listing.
Significance of CFTC's Announcement
On November 16, the CFTC stated that its Division of Clearing and Risk no longer oversees the clearing of these options. The Options Clearing Corporation has the sole mandate for clearing and settling these ETF options.
Prospects for Institutional Investment
Spot Bitcoin ETF options grant holders the right to buy or sell shares of crypto ETFs. Previously, the SEC approved their listing on NYSE and CBOE, sparking interest from institutional investors.
Expert Predictions on ETF Future
Jeff Park from Bitwise Invest believes Bitcoin ETF options are imminent. However, despite the progress, he notes that full approval might take until the end of 2024.
The regulation of spot Bitcoin ETF options marks significant progress, potentially attracting institutional investors and bolstering the digital asset market.
