Bloomberg stock analyst James Seyffarth said the US Securities and Exchange Commission (SEC) may allow options trading on spot Bitcoin ETFs in the second half of February.
Absolute latest we get a decision is somewhere around ~Sept 21, 2024.
— James Seyffart (@JSeyff) January 19, 2024
“The SEC has already accepted Form 19b-4 applications for the ability to trade options on spot Bitcoin ETFs. This is faster than the SEC usually moves. “Can the options be approved before the end of February if the SEC wants to move faster?” he wrote.
According to the specialist, approval of the instruments can occur no earlier than February 15 and no later than September 21, 2024.
On January 11, the SEC approved all 11 applications for spot Bitcoin ETFs. In the first four days, their total trading volume exceeded $11 billion.
There has been talk in the crypto community about potential exchange-traded funds based on the spot price of Ethereum, but analysts doubted the imminent approval of such instruments.
Recall that the head of Grayscale, Michael Sonnenshein, predicted the collapse of most Bitcoin ETFs. In his opinion, only “two or three exchange-traded funds will probably achieve some critical mass.”
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