03.07.24

SEC Defers Decision on Spot Bitcoin ETF Options Trading

by: Emily Graffeo

The U.S. Securities and Exchange Commission (SEC) has extended the timeline for which it will make decision on approving the trading of options on exchange-traded funds (ETFs) that invest directly in Bitcoin. The SEC deferred on a filing from Cboe Exchange to offer options tied to ETFs holding Bitcoin and delayed a decision on a filing from Nasdaq ISE to list and trade options on BlackRock’s iShares Bitcoin Trust. Investors have piled into spot-Bitcoin funds since the SEC approved them in January. The 10 funds have raked in a net $8.9 billion this year. Not counting Grayscale's spot-fund, which existed in a prior fund structure, the newly approved funds hold about $26 billion in assets.

Read the full article on Bloomberg