Bitcoin ETF Options Trading to Launch as OCC Clears Final Hurdle
Two days after the CFTC’s approval, the Office of the Comptroller of the Currency (OCC) announced that it is preparing to launch Bitcoin ETF options trading. These deals should go live within the next day or two.
The U.S. Securities and Exchange Commission (SEC) first gave approval in September, but these developments clear any remaining regulatory hurdles.
Bitcoin Spot ETF Options Trading
ETF analyst Eric Balchunas said that the OCC has not confirmed the exact launch date of Bitcoin ETF options, but it is now just a matter of when, not if. Following this announcement, Alison Hennessy, Nasdaq’s head of ETP listings, said the development would happen soon, possibly this week.
“Nasdaq is ready and IBIT options will be available as soon as tomorrow,” Hennessy said. quote From Bloomberg ETF analyst Eric Balchunas.
The OCC and CFTC are two crucial parts of the approval process ETF options trading. The first step in this process took place in September, when SEC gave it the green light. However, while the SEC could independently authorize the initial Bitcoin ETF, options trading would require further consensus.
despite this, The SEC is considered the most difficult steptaking into account Gary Gensler Chairman strategy repeatedly postponing firm decisions. Once the SEC approved the listing of these options, it was unclear why the CFTC delayed issuing its own approval for nearly two months. After that, however, the OCC prepared to implement it quickly.
Balchun claim This is normal pattern for these agencies, as “the listing process following OCC approval is considered relatively quick, typically occurring within a few days.” Nonetheless, there is no guarantee that the relevant markets will be able to match this speed.
As BeInCrypto previously reported, on-chain analytics recently called ETF options trading “Important Milestones for Bitcoin Adoption”. The first wave of Bitcoin ETFs signaled institutional acceptance and brought new investors.
However, options trading will drive this existing trend. New investment types and institutional revenue streams will increase market liquidity and make it easier for institutional entities to enter the Bitcoin market.
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