SEC Delays Decision on BlackRock’s Bitcoin ETF Options Trading Until April 24
Will SEC give the green light to options trading?
The Securities and Exchange Commission (SEC) has pushed back its decision date regarding the potential approval of options trading on spot Bitcoin exchange-traded funds (ETFs). This move could pave the way for increased participation from institutional investors in the Bitcoin market.
On March 6, the SEC announced an extension for responding to proposals from Cboe Exchange and the Miami International Securities Exchange regarding options trading on Bitcoin ETFs. Additionally, it postponed its decision on Nasdaq's proposal for options trading on BlackRock's iShares Bitcoin Trust (IBIT). The SEC stated that this delay allows ample time for thorough consideration of these requests.
A highlighted excerpt of the SEC’s filing which cites needing “sufficient time” to decide on allowing Bitcoin ETF options trading. Source: SEC
What Next for Options Trading ?
Proposals for options trading on Bitcoin ETFs were submitted by exchanges on January 25.
This triggered the SEC's initial deadline of March 10 for a decision or deferral.
The SEC has granted an extension, providing an additional 45 days for consideration.
This extension brings the total allowable period under the law to 90 days.
As a result, the final decision date has been postponed to April 24.
For more detailed information on the proposals for options trading on Bitcoin ETFs and the SEC's decision timeline, visit Coinpedia.
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