SEC Delays Decision on Bitcoin ETF Options Trading, Grants Additional 45 Days for Evaluation

bitcoin ETF for options 2024-03-08 68
The SEC has decided to extend its timeline for evaluating options trading on Bitcoin ETFs, pushing back its decision by 45 days. This move gives the agency more time to thoroughly review proposals from Cboe Exchange, Miami International Securities Exchange, and Nasdaq. The SEC has emphasized the importance of taking sufficient time to carefully consider the potential impact of these proposals. The new deadline for the decision is now set for April 24.

If the SEC ultimately approves options trading on spot Bitcoin ETFs, it could have significant implications for the cryptocurrency market. This development could lead to a surge in institutional investment in Bitcoin, which in turn could contribute to the creation of a more resilient and sustainable market environment for the cryptocurrency.

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