According to ChainCatcher, Galaxy posted on the X platform that the U.S. Securities and Exchange Commission (SEC) has approved Nasdaq to list and trade spot Bitcoin ETF options, but it still needs approval from the U.S. CFTC and OCC, and the trading start date is currently undecided.

There are certain restrictions on Bitcoin spot ETF options trading, such as strict monitoring of market manipulation and clear position limits. Nasdaq ISE plans to work with other exchanges to integrate these requirements with existing monitoring systems.

Galaxy added that in the long run, Bitcoin spot ETF options can stabilize Bitcoin volatility, enhance investor confidence, and deepen market liquidity. The digital asset custody service launched by Bank of New York Mellon is also accelerating the institutionalization of Bitcoin.