The SEC has postponed its ruling on NYSE’s proposed Bitcoin ETF, causing a surprise delay. This decision may negatively impact businesses offering Bitcoin trading options, potentially hindering their ability to trade on widely used Bitcoin investment vehicles such as the Bitwise Bitcoin ETF and Grayscale Bitcoin Trust.
The SEC has announced that it will carefully review the justification behind the proposed rule modification, leading to its April 8th decision. This assessment, due for completion by May 29th, effectively determines whether options trading on Bitcoin ETFs on the NYSE will be approved or denied.
Trading options for Bitcoin provides advanced techniques for investors, enabling them to make predictions about future prices through tools like leverage and speculation. By acquiring call options, traders can wager on potential price increases or decreases, expanding their investment choices.
Michael Sonnenshein, CEO of Grayscale, is a strong advocate for allowing the trading of options on spot Bitcoin Exchange-Traded Funds (ETFs). He argues that this move will increase market liquidity and promote overall market prosperity. However, despite the Commodity Futures Trading Commission (CFTC) approving and listing Bitcoin futures ETFs on the New York Stock Exchange, the issue of options-trading ETFs remains unresolved.
Read More
- Idle Horizons tier list (November 2025)
- Best Teams for Starspire of Resonance in Cookie Run Kingdom
- Idle Horizons codes (July 2025) – Free gems and summons
- Grimguard Tactics tier list – Ranking the main classes
- Hero Tale best builds – One for melee, one for ranged characters
- Idle Horizons Guide: 7 Tips to boost your battles
- Cookie Run Kingdom: Millennial Tree Cookie Toppings and Beascuits guide
- Cookie Run: Kingdom Holiday Square event guide – All hidden object locations and answers
- Heartopia makes a splash in official launch with My Little Pony collaboration already announced
- Kingdom Come Deliverance 2 – Legendary Kuttenberg Armor Guide | Legacy of the Forge DLC
2024-04-09 03:32