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The U.S. Securities and Exchange Commission (SEC) has sought public opinion on the possibility of introducing options trading for Bitcoin spot ETFs. This development has triggered strong reactions in the financial markets, with experts predicting regulatory approval as early as March. In a letter addressed to the SEC on Friday, the New York Stock Exchange (NYSE) applied to amend rules, allowing options trading on Bitwise Bitcoin ETF (BITC), Grayscale Bitcoin Trust (GBTC), and "any trust holding Bitcoin." The NYSE stated that Bitcoin spot ETFs qualify for options trading under the U.S. Exchange Act as they are commodity-backed exchange-traded products (ETPs). The NYSE indicated that all exchange standard rules and regulations would guide various aspects of the listing and trading of spot ETF options, including "listing standards, expiration dates, exercise prices, minimum increments, position and exercise limits, margin requirements, customer accounts, and trading halts." The SEC has officially acknowledged the latest submission from NYSE, including the proposal in its official register, and invites public feedback in the next 21 days. |
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Post time 3-3-2024 13:35:40