CFTC Approval Brings Bitcoin Spot ETF Options Closer to Launch, Bitcoin Eye $100K
AIG Memes Token's #AIRDROP Is Live For Everyone, Claim Instant 10,000 AIG Tokens Worth Of $100 USDT Free, Claim Airdrop At The Official Website ➯ PlayAiGames.online
The U.S. Commodity Futures Trading Commission (CFTC) has just approved the listing of Bitcoin spot ETF options, a major step toward bringing Bitcoin to Wall Street. But the final decision now lies with the Office of the Comptroller of the Currency (OCC), expected to make its call soon.
With momentum building, could this be the start of a new chapter for Bitcoin—and a potential rally toward $100,000?
CFTC Approve Listing of Bitcoin Spot ETF OptionOn November 15, the CFTC issued an advisory notice approving the listing of Bitcoin spot ETF options, offering investors new ways to manage their Bitcoin exposure. Bloomberg’s senior ETF analyst Eric Balchunas marks this the second major regulatory milestone for Bitcoin spot ETF options following earlier approval from the SEC.
BOOM: The CFTC just dropped a notice clearing the way for spot bitcoin ETF options to be listed. This is the second hurdle they needed to clear after the SEC. Ball now in OCC’s court and they are into it, so they’ll prob list very soon. pic.twitter.com/tRiwaPpoW4— Eric Balchunas (@EricBalchunas) November 16, 2024
The CFTC’s clearance is a major win for the crypto industry, as it shows the increasing regulatory recognition of Bitcoin-focused products. With the SEC and CFTC now on board, the stage is set for options tied to Bitcoin spot ETFs to enter the market.
Now, the final step rests with the Options Clearing Corporation (OCC), which is actively reviewing the matter. According to Balchunas, the OCC is already involved, indicating that the listing of Bitcoin spot ETF options could happen soon.
