NYSE Now Withdrew Bitcoin ETF Options and Commodity Trusts Proposal
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Read more: Bitcoin ETF Options Trading Postponed By SEC For Closer Review
The move comes as part of a wider, more comprehensive evolution concerning the regulation of Bitcoin ETF options.
Previously, on August 8, the Chicago Board Options Exchange changed its application to list Bitcoin ETF options. At the same time, NYSE Arca also pulled its request with Bitcoin ETF options.
On August 6, Nasdaq submitted an application to the US SEC for listing options of BlackRock’s iShares Ethereum Trust (ETHA), and Bloomberg assumes that spot Bitcoin ETF options could already be available as early as Q4.
It is currently possible to trade options on U.S. ETFs that track Bitcoin, but options on ETFs holding Bitcoin directly are yet to come.
Grayscale has been strongly pushing for parity, saying that if options on ETFs linked to Bitcoin derivatives are allowed, then options on ETFs that hold the cryptocurrency directly should also be. If options of this kind were to get approved, it would mean absolutely huge steps toward the mainstreaming of cryptocurrency in conventional financial markets.
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