According to BlockBeats, the US Securities and Exchange Commission (SEC) is seeking public opinion on the possibility of introducing options trading for Bitcoin futures ETFs, with experts predicting that the regulatory body may approve it as early as March. In a letter to the SEC on Friday, the New York Stock Exchange (NYSE) applied for a rule change to allow options trading on Bitwise Bitcoin ETF (BITC), Grayscale GBTC, and 'any trust holding Bitcoin'. The NYSE stated that, according to US trading law, Bitcoin futures ETFs are eligible for options trading as they are commodity-backed exchange-traded products (ETPs).
The NYSE also said that all standard exchange rules and regulations would guide every aspect of futures ETF options listing and trading, including listing standards, expiration dates, exercise prices, and minimum increments. Additionally, Bitcoin futures ETF options will be subject to the NYSE's continued listing standards, and delisting can occur if the relevant ETF fails to meet certain standards under Section 916 of the US Securities Act, as well as many other conditions. The SEC has officially acknowledged the NYSE's latest submission, incorporating the proposal into its official register and inviting public feedback within the next 21 days.