Reuters: Approval for U.S. Bitcoin spot ETF options products may take months

2024-02-01 19:21:55

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ChainCatcher news, according to Reuters, several industry insiders have stated that the options products for the new U.S. spot Bitcoin ETF may take months to receive regulatory approval, which could diminish the attractiveness of the underlying products.

Insiders indicated that the options products for the Bitcoin spot ETF have been delayed due to the lack of an established regulatory process for their approval. According to them, the U.S. SEC is responsible for overseeing the technical rule changes that exchanges must undergo to launch options products, and typically approves them a few days after the ETF begins trading.

One informed source revealed that products related to the spot Bitcoin ETF could raise jurisdictional and regulatory issues, which the CFTC is still working to resolve. MarketVector Indexes digital asset product strategist Martin Leinweber expects the approval process could take anywhere from two to ten months. Another insider disclosed that some exchange executives will soon meet with CFTC officials to discuss this issue.

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Bitcoin spot ETF options products

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