The United States Commodity Futures Trading Commission (CFTC) has given the green light for spot Bitcoin ETF options, potentially expediting their market debut.
What Happened?
The CFTC issued a notice clearing the path for spot Bitcoin ETF options. In their statement on November 16, they mentioned that the commission no longer plays a role in the clearing process of these options. The clearing and settlement of options will be handled by the Options Clearing Corporation as the sole issuer of all equity options.
Analysts' Opinions
Analysts speculate that the products could soon be listed. ETF analyst Eric Balchunas commented, 'The ball is now in OCC’s court, and they're into it, so they'll probably list very soon.' Another analyst, James Seyffart, added, 'Here. We. Go.'
Next Steps
Balchunas explained this was 'the second hurdle' for spot Bitcoin ETF options after gaining approval from the Securities and Exchange Commission (SEC). On October 18, the SEC approved applications from the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE) to list the long-anticipated options for spot Bitcoin ETFs.
The breakthrough in spot Bitcoin ETF options opens new opportunities for investors. However, analysts warn of risks and the need for independent research before making investment decisions.
