On February 6th, Grayscale CEO Sonnenshein urged regulatory agencies to approve the listing of spot Bitcoin ETF options on exchanges as soon as possible. Sonnenshein stated that options are beneficial for investors because this tool can help investors better navigate market conditions or achieve expected results, and promote price discovery for Bitcoin. It is reported that exchange-traded options are standardized contracts that can be used to buy (using call options) or sell (using put options) a certain amount of specific financial assets at a predetermined price (strike price) on or before the trading day.