US Securities and Exchange Commission (SEC) approved listing and trading of options on exchange-traded funds based on the first digital currency from BlackRock in an accelerated manner.
Bloomberg stock analyst Eric Balchunas suggested that options for other companies’ products will be approved soon.
Important note: This is just one level of approval, the OCC and CFTC must also agree before making an official listing. The other two don’t have a ‘clock’ so I’m not sure when they’ll be approved. Big step though the SEC came around.
— Eric Balchunas (@EricBalchunas) September 20, 2024
“Big win for BitcoinETFbecause this will attract more liquidity, which will attract more big players,” he said.
The expert confirmed that this is only one of the approval levels. Additional permits will be required OCC and CFTC before the official list.
“More than eight months after the launch of spot Bitcoin ETFs, options trading has been approved. Better late than never,” wrote Nate Geraci, president of ETF Source.
8+ months after the launch of spot bitcoin ETFs…
The options trade is now approved.
Better late than never. pic.twitter.com/piS9NZmjVQ
– Nate Geraci (@NateGeraci) September 20, 2024
As a reminder, January 11 SEC approved all 11 requests for spot Bitcoin ETFs.
Read about the instrument’s impact on the cryptocurrency market in ForkLog:
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2024-09-21 09:41:32
#SEC #Approves #BlackRocks #Bitcoin #Options #ETF
