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US Congress Members Advocate for Bitcoin (BTC) Options in Letter to SEC Chairman Gensler!
Two US congressmen, Mike Flood and Wiley Nickel, penned a letter to US Securities and Exchange Commission (SEC) Chairman Gary Gensler, urging the approval of options on spot Bitcoin (BTC) ETFs. They emphasized the importance of such options for investors and highlighted the SEC's role in safeguarding investor interests.
Key Points from the Letter:
"We ask that you expeditiously approve options on spot Bitcoin investment products or provide an explanation regarding the difference in the Commission's approach to options on currently traded Bitcoin futures ETFs and spot BTC ETFs."
Several American exchanges, including Cboe, BOX, MIAX, Nasdaq ISE, and NYSE American, have applied to the SEC to launch options on spot Bitcoin ETFs. However, the SEC has yet to take action on these applications, citing the ongoing collection of public comments regarding the launch of such products.
