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
Zero fees, no slippage
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
There is a New Development About a Very Important Milestone in Bitcoin: Document Published

There is a New Development About a Very Important Milestone in Bitcoin: Document Published

BitcoinsistemiBitcoinsistemi2024/11/18 20:55
By:Mete Demiralp

There is new news about a development that is seen as very important for the world's largest cryptocurrency, Bitcoin.

The cryptocurrency market is set to gain a new investment vehicle with the upcoming launch of Bitcoin ETF options.

The U.S. Commodity Futures Trading Commission (CFTC) Clearing and Risk Division has paved the way for these innovative financial products by issuing a staff advisory addressing the clearing of options on spot commodity ETFs.

The Options Clearing Corporation (OCC), the primary clearinghouse for stock options in the U.S., is set to oversee the clearing, settlement, and risk management of Bitcoin ETF options. In a statement, the OCC cited key regulatory milestones:

On September 20, 2024, the U.S. Securities and Exchange Commission (SEC) approved the listing and trading of options on the iShares Bitcoin Trust.

On November 15, 2024, the CFTC issued guidance to facilitate the exchange of these options.

The OCC noted that these developments are consistent with the Option Listing Procedure Plan and provide a structured approach to launching this new product category.

There is a New Development About a Very Important Milestone in Bitcoin: Document Published image 0 There is a New Development About a Very Important Milestone in Bitcoin: Document Published image 1 Document published by the OCC.
Related News Elon Musk's Audio Recording on Bitcoin and Dogecoin Revealed

Bitcoin ETF options are financial contracts that give investors the right, but not the obligation, to buy or sell Bitcoin at a predetermined price within a specified time frame. They offer the following uses:

  • Volatility Protection: Protecting portfolios from unpredictable price fluctuations in the Bitcoin market.
  • Speculating on Movements: Taking advantage of potential price increases or decreases without directly owning Bitcoin.
  • Leverage Returns: Using margin to increase returns even though the risk is high.

*This is not investment advice.

1

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: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!