Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Spot Bitcoin ETF options could be approved as late as December 2024

Spot Bitcoin ETF options could be approved as late as December 2024

Crypto SlateCrypto Slate2024/02/02 00:06
By:Mike Dalton

CFTC involvement could extend the approval process.

 

Options on spot Bitcoin exchange-traded funds (ETFs) may not earn regulatory approval for several months, Reuters reported on Feb. 1 .

Martin Leinweber, digital asset product strategist for MarketVector Indexes, told Reuters that it may take two to ten months for those options to gain approval. This implies a possible approval date between April and December 2024.

This is because options may need approval from two regulators. Spot Bitcoin ETFs only required approval from the U.S. Securities and Exchange Commission (SEC) prior to their launch in January. Options on those ETFs, however, may require approval from both the SEC and the Commodity Futures Trading Commission (CFTC). Leinweber explained that a need for dual approval “adds a layer of complexity and potential for … regulatory headaches.”

According to Reuters’ sources, delays are ongoing and no established regulatory process exists. One unnamed source said that the CFTC is currently looking at issues related to jurisdiction and oversight. Another said that exchange executives plan to meet with the CFTC in the near future.

Cboe , one of three exchanges that intends to list the options, supports a months-long timeline. Its website says it expects to list the options later in 2024.

 

Other experts anticipate earlier decision

 

A longer approval timeline differs from earlier expectations. Bloomberg ETF analyst James Seyffart previously suggested that the SEC could decide on spot Bitcoin ETF options as early as February and no later than September . He also suggested that the SEC had acknowledged some filings relatively quickly.

Seyffart made that statement as the SEC opened comments on certain applications on Jan. 19. His estimate seemingly did not consider the CFTC’s potential involvement in approvals, as described by Reuters today.

Regardless, the SEC is only required to reach a decision. Is not required to approve any proposals and may instead issue a rejection.

Options would provide a new way for investors to access spot Bitcoin ETFs. By investing in options, investors would be able to take part in leveraged trading and potentially earn higher returns, albeit with greater risk.

 
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trump admin considers annual license for Samsung, SK Hynix to operate chip factories in China

Share link:In this post: The U.S. is considering annual “site licenses” for Samsung and SK Hynix to export chipmaking supplies to their Chinese factories. The new system would require yearly approvals with exact shipment quantities. South Korea welcomes the compromise, but officials have voiced concern over supply disruptions and added regulatory burdens.

Cryptopolitan2025/09/08 19:21

Metaplanet adds 136 BTC to treasury in ongoing Bitcoin strategy

Share link:In this post: Metaplanet has bought an additional 136 BTC at an average price of roughly 111,666 per Bitcoin. The company’s latest acquisition also brings its total Bitcoin holdings to 20,136 BTC at an average price of approximately 15.1 million yen per BTC. Metaplanet plans to raise $880M to issue up to 555 million new shares directed towards BTC purchases.

Cryptopolitan2025/09/08 19:21

OECD warns most crypto investors face high risks from low literacy

Share link:In this post: The OECD says most adults who know or own crypto show weak money and digital skills. Many investors do not understand that crypto is not legal tender or that losses are often permanent. The OECD urges governments to teach money skills and set stronger protections for small investors.

Cryptopolitan2025/09/08 19:21
OECD warns most crypto investors face high risks from low literacy

SOL Strategies secures Nasdaq listing under STKE

Cryptobriefing2025/09/08 19:15
SOL Strategies secures Nasdaq listing under STKE