According to BlockBeats, on September 28, Galaxy announced that the U.S. Securities and Exchange Commission (SEC) has approved the listing and trading of spot Bitcoin ETF options on Nasdaq. However, the approval still requires the green light from the U.S. Commodity Futures Trading Commission (CFTC) and the Office of the Comptroller of the Currency (OCC). As of now, there is no confirmed timeline for when trading will commence.
The trading of spot Bitcoin ETF options comes with certain restrictions, such as strict market manipulation monitoring and clear position limits. Nasdaq ISE plans to collaborate with other exchanges to integrate these requirements with existing monitoring systems.
Galaxy added that in the long term, spot Bitcoin ETF options could stabilize Bitcoin's volatility, boost investor confidence, and deepen market liquidity. Additionally, with BNY Mellon recently launching digital asset custody services, the institutionalization of Bitcoin is accelerating.
