Galaxy: BlackRock's Bitcoin Spot ETF options still require approval from the U.S. CFTC and OCC, and the trading date has not yet been determined

ChainCatcher news, Galaxy posted on platform X stating that the U.S. Securities and Exchange Commission (SEC) has approved the listing and trading of spot Bitcoin ETF options on Nasdaq. However, it still requires approval from the U.S. CFTC (Commodity Futures Trading Commission) and OCC (Office of the Comptroller of the Currency), and there is currently no definitive timeline, so the exact start date for trading remains uncertain.

It is reported that there are certain restrictions on spot Bitcoin ETF options trading, such as strict monitoring of market manipulation and clear position limits. Nasdaq ISE plans to collaborate with other exchanges to integrate these requirements with existing monitoring systems. Galaxy added that in the long term, spot Bitcoin ETF options could stabilize Bitcoin's volatility, enhance investor confidence, and deepen market liquidity. Coupled with the recent launch of digital asset custody services by BNY Mellon, the institutionalization of Bitcoin is accelerating.