🚀 Crypto enthusiasts, buckle up! The NYSE Arca has pulled its proposal to allow options trading on commodity-based trusts, including crypto ETFs. This move, filed on Aug. 13, has stirred the pot in the crypto world. 🥄

- The proposal aimed to list options on crypto ETFs like Grayscale Bitcoin Trust (GBTC).

- The SEC's "historical patchwork" approach was criticized by Grayscale.

- Meanwhile, Cboe and Nasdaq are pushing for BTC and ETH ETF options.

Bloomberg predicts spot BTC options might go live in Q4. What do you think? Will this be a game-changer? Drop your thoughts below! 💬