Options trading on spot Bitcoin ETFs could rise after the U.S. Securities and Exchange Commission (SEC) approved the listing of multiple “non-security commodity” funds on U.S. exchanges.
Nasdaq filed a 19b-4 document with the SEC to amend its listing rules to allow trading of Bitcoin ( BTC )-based ETF derivatives.
Following the proposed rule changes, the SEC has acknowledged the requests and opened a 21-day window for public comment and feedback. ETF expert James Seyffart believes the SEC could make a decision on the filings by the end of February; however, the ruling could also be delayed until September.
Seyffart noted on X that the SEC typically doesn't respond to such requests that quickly.
Spot BTC ETF options could open another avenue for investors to gain exposure to Bitcoin. These derivatives allow traders to speculate or hedge against volatility, a market phenomenon closely associated with cryptocurrencies and other risky assets.
If approved, the options would join a slew of Bitcoin-related products that entered the market shortly after the spot BTC ETF was approved. Financial products provider Direxion has filed for five leveraged spot Bitcoin ETFs.
Increased interest in crypto ETFs has also spread beyond the U.S., with Hong Kong regulators and institutions preparing to launch similar products in the first quarter of this year. Regulators in Singapore and South Korea have warned against spot Bitcoin funds, although officials may offer different perspectives.
South Korea’s presidential office has implored local regulators to reassess their stance on cryptocurrencies as demand for bitcoin-related investment vehicles grows. #纳斯达克 #SEC
