ChainCatcher news, according to official sources, the SEC has once again postponed its decision on Fidelity's Ethereum spot ETF options trading.

ChainCatcher news, according to information from the SEC official website, the U.S. Securities and Exchange Commission (SEC) has announced a delay in the approval of Fidelity's spot Ethereum ETF options.

ChainCatcher news, according to The Block, the SEC is seeking public comment on the approval of Grayscale and Bitwise Ethereum ETF options trading. In a filing submitted on Tuesday, the U.S. Securities and Exchange Commission (SEC) accepted the application submitted by the Chicago Board Options Exchange, which involves options trading for the Grayscale Ethereum Trust ETF, Grayscale Ethereum Mini Trust ETF, and Bitwise Ethereum ETF.The SEC requires relevant comments to be submitted within 21 days after publication in the Federal Register. The agency may decide to approve, deny, or "initiate further review procedures."

ChainCatcher news, according to The Block, the U.S. Securities and Exchange Commission (SEC) postponed its decision on whether to approve BlackRock's listing and trading of options on its spot Ethereum ETF on Friday. According to the submitted documents, the SEC stated that it will decide whether to approve or deny the option trading for BlackRock's iShares Ethereum Trust by April 9, 2025.The SEC stated: "The Commission believes that it is necessary to designate a longer period to issue an order approving or disapproving the proposed rule change in order to have sufficient time to consider the proposed rule change and the issues that it raises."Also on Friday, the SEC sought public comments on the proposal submitted by Cboe BZX on behalf of Fidelity to list and trade options on its spot Ethereum ETF. These comments must be submitted within 21 days after the publication in the Federal Register.

ChainCatcher news, according to The Block, the U.S. Securities and Exchange Commission (SEC) postponed its decision on whether to approve BlackRock's listing and trading options for its spot Ethereum ETF on Friday. According to the submitted documents, the SEC stated that it will decide whether to approve or deny the options trading for BlackRock's iShares Ethereum Trust by April 9, 2025.The SEC stated: "The Commission believes that it is necessary to designate a longer period to issue an order approving or disapproving the proposed rule change in order to have sufficient time to consider the proposed rule change and the issues that it raises."Also on Friday, the SEC sought public comments on the proposal submitted by Cboe BZX Exchange on behalf of Fidelity to list and trade options on its spot Ethereum ETF. These comments must be submitted within 21 days after the publication in the Federal Register.

ChainCatcher news, the Cboe BZX Exchange has proposed to amend Rule 19.3 to allow the exchange to launch Ethereum spot ETF options trading, which is a "competing filing" based on a similar proposal submitted by the New York Stock Exchange's U.S. division that is currently awaiting approval from the U.S. Securities and Exchange Commission.The document specifically mentions the Bitwise Ethereum ETF, Grayscale Ethereum Trust, Grayscale Ethereum Mini Trust, and "any trust holding ETH." Cboe BZX wrote in the document: "The exchange believes that offering Ethereum fund options will benefit investors by providing them with an additional, relatively low-cost investment tool to gain exposure to spot Ethereum, as well as a hedging tool to meet their investment needs in Ethereum products and positions."

ChainCatcher news, according to CoinDesk, BlackRock's Bitcoin spot ETF (IBIT) options have rapidly grown since their launch on November 19, 2024, with open interest reaching 2.16 million contracts and a notional value of $11 billion, accounting for about 50% of the Deribit Bitcoin options market ($23 billion).Deribit CEO Luuk Strijers stated in an interview that IBIT options primarily serve U.S. retail investors who previously could not access Deribit, and they have not only not impacted his business negatively but have also positively influenced institutional participants by creating new arbitrage opportunities and risk hedging strategies. He added that IBIT options trading is mainly concentrated on short-term contracts, reflecting the market's demand for low-premium options.The crypto derivatives protocol Volmex Finance analyzed that due to the compliance advantages of BlackRock's Bitcoin ETF as an underlying asset, IBIT options are attracting U.S. institutional investors and retail investors who prefer regulated markets.

ChainCatcher message, The ETF Store President Nate Geraci posted on X: "Here are my top five predictions for cryptocurrency ETFs in 2025 (in order of confidence):Launch of a spot BTC and ETH joint ETF (obvious)Spot ETH ETF options tradingSpot BTC and ETH ETF physical creation/redemptionSpot ETH ETF stakingApproval of a spot SOL ETFIn fact, all of these will happen."

ChainCatcher news, Kaiko released a report stating that ETF options are the latest bullish signal for BTC. Last week, several BTC ETF options made their debut, with BlackRock's IBIT options reaching a notional trading volume of $1.9 billion on the first day, totaling 354,000 contracts. In comparison, BITO options had a trading volume of $360 million when they launched in 2021. This strong buying power highlights the robust demand for BTC-linked derivatives and bullish market sentiment.Notably, over 80% of the IBIT first-day options trading volume was in call options, reflecting a strong belief in the price increase of Bitcoin. Trading activity was primarily concentrated on options with near-term expirations, with contracts expiring in December 2024 dominating. The share of IBIT call options significantly exceeded that of the largest crypto-native options market, Deribit, where call options accounted for 64% of trades.The launch of BTC spot ETF options could further accelerate institutional adoption. These tools allow investors to hedge risks and devise complex strategies to profit from Bitcoin's volatility. Additionally, they could drive the creation of structured products, which offer customized investments with specific risk-return characteristics, often developed by large financial institutions. This could attract new capital and a new wave of experienced institutional traders.

ChainCatcher news, according to regulatory documents from November 25, the MIAX Sapphire Options Exchange has submitted revised rules to launch options trading for three Bitcoin exchange-traded funds (ETFs).The new rules allow MIAX Sapphire to introduce options products for Grayscale Bitcoin Trust (GBTC), Grayscale Bitcoin Mini Trust (BTC), and Bitwise Bitcoin ETF (BITB).As one of the exchanges under Miami International Holdings in the United States, MIAX Sapphire will join giants like Nasdaq and the New York Stock Exchange (NYSE) to offer options trading related to spot Bitcoin ETFs. In addition, MIAX Sapphire also provides options trading services for commodity ETFs such as gold, silver, and platinum.

ChainCatcher news, K33 Research's research director Vetle Lunde stated in an interview with CNBC that the futures open interest at the Chicago Mercantile Exchange has reached an all-time high. This is currently the primary way most U.S. institutions are purchasing Bitcoin futures contracts, but many traders have been waiting for spot Bitcoin ETF options from major exchanges like the New York Stock Exchange and Nasdaq, as it could enhance liquidity and provide hedging tools.Vetle Lunde added that the demand for leveraged long exposure to Bitcoin and Ethereum is on the rise, and VolatilityShares' BTC exposure has also previously reached an all-time high.

ChainCatcher news shows that according to SoSoValue data, BlackRock's Bitcoin spot ETF (IBIT) had a total of 354,000 options contracts traded this Tuesday, with a nominal trading volume of $1.86 billion, indicating extremely high market enthusiasm on its first day of listing. The options also drove a 32% month-over-month increase in IBIT trading volume. Among all traded contracts, 288,700 were call options and 65,000 were put options, resulting in a call/put ratio of 4.44, reflecting a generally optimistic market sentiment.Data shows that market trading is concentrated on bullish options expiring on January 17, 2024, with a price range of $55-$60. Corresponding to Tuesday's closing price of IBIT, there is an increase of 4.4%-13.9%, and SoSoValue analysts stated, "This roughly corresponds to a Bitcoin price of $97,000-$105,000, indicating that the market expects Bitcoin to reach $100,000 before Trump officially takes office." Notably, the implied volatility for January options is between 68%-69%, compared to IBIT's 60-day historical volatility in the 55% range, with implied volatility exceeding historical volatility, indicating that investors prefer to hold options rather than sell them.Additionally, Grayscale's spot Bitcoin ETF GBTC and BTC options trading will also begin its debut trading this Wednesday.

ChainCatcher news, Cointelegraph posted on the X platform that the trading volume on the first day of the BlackRock Bitcoin ETF options reached 1.9 billion dollars.

ChainCatcher news, the Nasdaq Stock Exchange listed options for BlackRock's iShares Bitcoin Trust ETF on Tuesday. Data shows that over 350,000 contracts changed hands, with about 80% being bullish bets. Among the 10 most traded options, 9 were betting on an increase. The most traded was a call option expiring in January with a strike price of $55, followed by a call option expiring in December with a strike price of $65, which is 25% higher than the ETF's closing price on Monday. Bitcoin reached a historic high of $94,032 on the day the options contracts were listed.Some investors expect that U.S. Bitcoin ETF options will attract more capital inflow. Caroline Mauron, co-founder of Orbit Markets, stated that the options trading volume is a "good start, showcasing the increasing connection between the crypto-native ecosystem and traditional financial markets. While the volume itself is not yet enough to influence the direction of the underlying asset, the positive news has indeed fueled bullish sentiment."

ChainCatcher news, Strategas ETF strategist Todd Sohn stated that the launch of Bitcoin ETF options could trigger the emergence of new funds for these options. He explained, "Grayscale has already applied for a covered call option fund, and I believe BlackRock will also apply. Then the related market will gain some buffer, and any other trend-following strategies that come to mind will be implemented. I think the crypto options ecosystem will really start to take off from here."

ChainCatcher news, according to Bloomberg, Galaxy Digital's research director Alex Thorn stated that the listing of options for BlackRock's $43 billion IBIT could reduce volatility and increase the base of Bitcoin investors.Thorn said in an interview on Tuesday, "Over time, as it is held more widely, volatility will decrease, and options will help to suppress volatility. As volatility decreases, people can hold larger positions." Nasdaq began offering options trading for the ETF for the first time on Tuesday. Thorn mentioned that if volatility decreases, more investors will view Bitcoin as a fundamental use case rather than just a high-risk bet.He stated that options would allow institutions to hedge more against Bitcoin and increase liquidity, while also impacting retail trading during bull markets. He added that the crypto industry must also figure out how to maintain control as traditional finance enters the space.

ChainCatcher news, according to Trader T, spot Bitcoin ETF options will start trading today at 22:30 (UTC+8), planning to use unilateral bullish options (CALL) to predict the Bitcoin price in 59 days.

ChainCatcher news, QCP Capital's latest analysis points out that NASDAQ has started trading options for the BlackRock Bitcoin Spot ETF (ticker: IBIT) today. The derivatives market for traditional assets is typically 10-20 times the market capitalization of the underlying asset, and this move will bring significant opportunities to the Bitcoin derivatives market. Institutional investors may focus on the yield generation from their long spot ETF positions, which could lead to further compression of implied volatility.The Q3 13F filings show that MicroStrategy's institutional holders have increased from 667 to 738, with Vanguard increasing its holdings by nearly 16 million shares, a growth of 1000%. Meanwhile, Goldman Sachs is planning to divest its digital asset platform, further highlighting the integration of cryptocurrency with traditional finance.In the options market, the $100,000 strike price for December still maintains the highest open interest. As the spot price stabilizes above $90,000, the implied volatility butterfly spread has decreased by 1 point compared to last week, which may lay the foundation for further Bitcoin price increases.