ChainCatcher news, according to Coindesk, based on two memos released by the U.S. Securities and Exchange Commission, the New York Stock Exchange will be allowed to list and trade options for the Grayscale Bitcoin Trust (GBTC), Grayscale Bitcoin Mini Trust (BTC), and Bitwise Bitcoin ETF (BITB).Cboe Global Markets has been approved to list and trade options for the Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB). A few weeks ago, the U.S. Securities and Exchange Commission approved Nasdaq's rule proposal allowing options for BlackRock's iShares Bitcoin Trust (IBIT) to be listed and traded.Many market participants believe that options trading on Bitcoin ETFs will increase institutional interest in cryptocurrencies and enhance overall liquidity.

ChainCatcher news, DWF Labs announced that its trading platform will expand to options trading for Web3 assets. In addition to offering standard options contracts, DWF Labs will also outline options products tailored to specific customer needs.

ChainCatcher message, Matrixport released a chart stating that a year ago, we predicted that Bitcoin's volatility would remain within +/-20% during any 30-day rolling period, indicating a lower likelihood of significant rebounds or declines. This provides options sellers with the opportunity to capture additional premiums, thereby enhancing Bitcoin's yield.This strategy only experienced slight temporary losses during two brief periods at the end of Q3 2023 and Q1 2024. With the launch of Bitcoin spot ETFs, volatility is expected to decrease further, making options selling a potentially effective profit strategy in the coming months.

ChainCatcher news, according to CryptoSlate, based on the latest regulatory documents, the U.S. Securities and Exchange Commission (SEC) has delayed its decision on the Ethereum spot ETF options trading applications from BlackRock and Bitwise, with the new deadlines set for November 10 and November 11, respectively. The SEC stated that it needs more time to consider the proposal and has extended the initial 45-day review period.According to previous reports, the SEC has approved the listing and trading of BlackRock's Bitcoin spot ETF (iShares Bitcoin Trust, referred to as IBIT) options.

ChainCatcher news, Greeks.live researcher Adam posted on social media that last week's macro data did not have much impact. Next Thursday is the Federal Reserve's interest rate meeting, and a 25 basis point rate cut has once again become a major point of discussion. The cryptocurrency market is very weak, with BTC dropping nearly 10% since September, and market confidence is low, putting the market in an oversold state.This week's major events:On Tuesday, September 10, Apple will hold a new product launch event;On Wednesday, September 11, the U.S. August CPI will be released, and U.S. presidential candidates Harris and Trump will debate on ABC News;On Thursday, September 12, the number of initial jobless claims in the U.S. for the week will be announced, and the European Central Bank will release its interest rate decision;On Friday, September 13, the U.S. September University of Michigan Consumer Sentiment Index will be released.Cryptocurrency market outlook: The market is weak, and investor confidence is severely lacking. Implied volatility (IV) across major maturities has rebounded, with a more noticeable rebound in the short to medium term. Options trading is focused on next week's Federal Reserve interest rate meeting. Currently, short to medium term IV is still at a year-to-date low, making it a good time to construct bearish ratio spreads based on market timing.

ChainCatcher news, Lin Chen, the Head of APAC Business at Deribit, stated on social media that the largest ETH block options today are: a certain user purchased 75,000 call options for the end of October and sold 90,000 call options, totaling 504 BTC, paying a premium of 541,000 USD.

ChainCatcher news, Grayscale and Bitwise jointly submitted a rule change proposal to the U.S. Securities and Exchange Commission (SEC) to allow trading of options on the Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust.The filing states that these options will provide investors with an additional, relatively low-cost investment tool, while serving as a hedging instrument to meet investors' demand for Ethereum products and positions. The public comment period for the proposal will expire in 21 days. Several companies are also seeking trading approval for spot Bitcoin ETF options, but have not yet been granted approval.

ChainCatcher news, according to Greeks.live macro researcher Adam's post on social media, today's large bullish options trading volume has significantly increased. The trading volume of large bullish options for ETH reached 67,000 contracts, accounting for nearly 30% of the total trading volume for the day, while BTC large bullish options trading volume was 3,400 contracts, accounting for 20% of the total trading volume for the day. From the trading distribution, the largest contract for ETH was the 4000 Call expiring in September, and the largest contract for BTC was the 90000 Call expiring in December, both being far out-of-the-money bullish options.In addition, just recently, a giant whale transferred $100 million worth of ETH into Deribit, and multiple signals indicate that a major rebound is on the way.

ChainCatcher news, according to QCP Capital analysis, the U.S. Securities and Exchange Commission (SEC) has approved the 19b-4 filings of eight spot ETH ETF issuers, including Blackrock and Fidelity. However, trading cannot begin until the S-1 form is approved. The market expects a big explosion this week, with options trading volume reaching as high as 185 contracts. However, the price trend has indeed been disappointing, causing front-end volatility to drop below 60. While trading of the ETH spot ETF is now just a matter of time, it may take a while. As investors take the opportunity to build more long ETH positions, the trading desk has continued to see sustained demand for long-term ETH call options.

ChainCatcher news, according to The Block, BitMEX announced a partnership with PowerTrade to launch options trading on its platform, aiming to capture market share from Deribit.It is reported that PowerTrade is a cryptocurrency options platform, supported by Ascend Ventures, Pantera Capital, and Ledger Prime.

ChainCatcher news, according to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) has postponed its decision on whether to allow the New York Stock Exchange to offer Bitcoin spot ETF options trading.According to a document dated April 8, the SEC's delay will affect options trading for the Bitwise Bitcoin ETF (BITB), Grayscale Bitcoin Trust (GBTC), and other Bitcoin-holding trusts listed on the New York Stock Exchange. The securities regulator stated, "The Commission believes that it is necessary to designate a longer period to take action on the proposed rule change in order to have ample time to consider the proposed rule change."It is reported that the next deadline for the SEC's decision on the proposed rule change by the New York Stock Exchange is May 29, by which time a decision to approve, deny, or postpone must be made.

ChainCatcher news, according to Bloomberg, Goldman Sachs' institutional clients in the Asia-Pacific region have shown renewed interest in Bitcoin, Ethereum, and other crypto assets.Max Minton, head of digital assets at Goldman Sachs Asia-Pacific, said in an interview: "The recent ETF approvals have sparked renewed interest and activity among our clients." Many of our large clients are actively participating or exploring activities in this space. "Minton explained that most of the new demand is primarily coming from Goldman Sachs' existing clients, who are participating through the bank's options and futures products, with hedge funds being the most active clients.

ChainCatcher message, Greeks.live macro researcher Adam posted the March 15 options expiration data on the X platform:30,000 BTC options expired, Put Call Ratio of 0.79, maximum pain point at $66,000, notional value of $2.1 billion.330,000 ETH options expired, Put Call Ratio of 0.69, maximum pain point at $3,550, notional value of $1.25 billion.This week, the crypto market remains strong, with Bitcoin's price briefly breaking $70,000. However, in the latter half of the week, Bitcoin ETF inflows slowed down, and the price began to enter a correction phase. The implied volatility for major maturities is showing a downward trend but remains at a relatively high level for the year. The U.S. capital is driving the spot bull market, and now that the inflows have slowed, the price is entering a consolidation phase, but options trading volume and open interest continue to rise.

ChainCatcher News: The U.S. SEC has postponed its decision on BlackRock's Bitcoin spot ETF options trading application to April 24, when it will decide whether to "approve or disapprove, or continue discussions."

ChainCatcher news, according to a report by Reuters, cryptocurrency asset management company Grayscale Investments is urging the U.S. Securities and Exchange Commission (SEC) to approve options trading for its Bitcoin spot exchange-traded fund (ETF), a move that would open the door for a new class of investors. Grayscale CEO Michael Sonnenshein stated in a letter to the SEC on Wednesday that denying options trading for the Grayscale Bitcoin Trust (GBTC.P) would "unfairly discriminate" against its shareholders, noting that the regulator had previously approved options for ETFs related to Bitcoin futures.Sonnenshein emphasized, "It is crucial for investors in GBTC and all Bitcoin spot 'exchange-traded products' to have access to exchange-listed options on GBTC and other Bitcoin spot ETPs." Bitcoin is on track for over 47% monthly growth, the largest monthly increase since December 2020, and the opening of the ETF has introduced cryptocurrency to more investors. Asset management firms are seizing this momentum to submit a second wave of more complex cryptocurrency product proposals to the SEC, including some that will use options to amplify Bitcoin volatility.It is reported that options give holders the right to buy or sell an asset (such as stocks or exchange-traded products) at a predetermined price before a set date. Regulatory approval for these new Bitcoin ETF product options may take months. The SEC is responsible for reviewing the technical rule changes that exchanges must make to list options and typically approves them a few days after the ETF begins trading. However, since the regulator views Bitcoin as a commodity, Bitcoin spot ETF options may also require approval from the Commodity Futures Trading Commission (CFTC), which oversees commodity derivatives, complicating the approval process.Experts say that without options, large investors face risk management issues, which could hinder many from participating; analysts have suggested this could help drive up to $100 billion in inflows into the ETF. Sonnenshein stated that options would facilitate price discovery for new ETF shares, helping investors navigate market conditions, hedge, and generate income. Options will also "further bring Bitcoin into the regulatory fold by allowing more regulated market participants (such as contract traders and brokers) to trade the products."

ChainCatcher news, according to official sources, the New York Stock Exchange (NYSE) has proposed a rule change to the U.S. Securities and Exchange Commission (SEC) that seeks to modify the rules to allow options trading for the Bitwise Bitcoin ETF (BITC), Grayscale Bitcoin Trust (GBTC), and any trust holding Bitcoin. If the rule change is approved, options will be traded in the same manner as options for other ETFs on the exchange, including commodity ETFs. Currently, the SEC has sought public comment on options trading for the Bitwise and Grayscale Bitcoin spot ETFs.

ChainCatcher news, according to Bitcoinist, the U.S. Securities and Exchange Commission (SEC) has invited the public to comment on the potential introduction of Bitcoin spot ETF options trading. Experts predict that the regulatory agency may approve as early as March.The New York Stock Exchange (NYSE) sent a letter to the SEC on Friday, requesting a rule change to allow options trading for Bitwise Bitcoin ETF (BITC), Grayscale Bitcoin Trust (GBTC), and "any trust holding Bitcoin." The NYSE stated that under U.S. trading law, Bitcoin spot ETFs are eligible for options trading because they are commodity-backed exchange-traded products (ETPs). It also mentioned that all standard exchange rules and regulations will govern various aspects of the listing and trading of spot ETF options, including listing standards, expiration dates, strike prices, minimum increments, and more.Additionally, Bitcoin spot ETF options will also be subject to the NYSE's continued listing standards. If the underlying ETF fails to meet certain standards set forth in Section 916 of the U.S. Securities Act, as well as many other conditions, Bitcoin spot ETF options may be delisted. The SEC has officially acknowledged the NYSE's latest submission, incorporating the proposal into its official register and inviting public feedback within the next 21 days.