💰💰Bitcoin Options Were Highly Anticipated, They’ve Been Approved – So Why Aren’t They Still On The Market? Here’s the Answer 💰💰

Galaxy Digital has announced that while the U.S. Securities and Exchange Commission (SEC) has approved the listing and trading of Nasdaq’s spot Bitcoin ETF options, additional regulatory approvals are needed for trading to begin.

Two More Approvals Needed

The U.S. Commodity Futures Trading Commission (CFTC) and the Office of the Comptroller of the Currency (OCC) have yet to approve these products, and there is no firm timeline for when trading will begin. The launch of spot Bitcoin ETF options is expected to be subject to strict conditions, such as preventing market manipulation and set position limits. Nasdaq ISE is reportedly collaborating with other exchanges to integrate these requirements into their existing regulatory systems.

Galaxy highlighted the long-term benefits of spot Bitcoin ETF options, emphasizing that these products can help stabilize Bitcoin price fluctuations, increase investor confidence, and deepen market liquidity. He also noted that recent developments, such as the launch of digital asset custody services by the Bank of New York Mellon, show that institutional interest in Bitcoin continues to grow. These steps indicate that Bitcoin's institutionalization process is accelerating.

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