PANews reported on September 28 that Galaxy posted on the X platform that the US Securities and Exchange Commission (SEC) had approved Nasdaq to list and trade spot Bitcoin ETF options, but it still needs to obtain approval from the US CFTC (Commodity Futures Trading Commission) and OCC (Office of the Comptroller of the Currency). There is no definite timetable yet, so the exact start date of trading is still undecided. It is reported that there are certain restrictions on spot Bitcoin ETF options trading, such as strict monitoring of market manipulation and clear position limits. Nasdaq ISE plans to cooperate with other exchanges to integrate these requirements with existing monitoring systems.
Galax added that in the long run, spot Bitcoin ETF options can stabilize Bitcoin's volatility, enhance investor confidence, and deepen market liquidity. Coupled with the recent launch of digital asset custody services by Bank of New York Mellon, the institutionalization of Bitcoin is accelerating.
