Originally published on: November 16, 2024
The recent clearance by the United States Commodity Futures Trading Commission (CFTC) has opened up new possibilities for spot Bitcoin exchange-traded fund (ETF) options. Analysts are abuzz with speculation that these products could hit the market sooner than expected.
With the CFTC giving the green light, the focus now shifts to the Options Clearing Corporation (OCC) for the next steps. Experts like ETF analyst Eric Balchunas and James Seyffart are optimistic about the imminent listing of these innovative options.
In a recent statement, the CFTC emphasized that it does not have a role in clearing these options, as they fall under the jurisdiction of the OCC. This development marks a significant milestone for Bitcoin’s price trajectory, and industry leaders are anticipating a positive impact.
Derive founder Nick Forster highlighted the potential of Bitcoin ETF options, drawing parallels to the Nasdaq’s rally fueled by investment firm SoftBank. The stage is now set for a potential surge in Bitcoin’s value when these options enter the market.
Jeff Park, Head of Alpha Strategies at Bitwise Invest, is convinced that the timeline for Bitcoin ETF options is closer than many think. While there is no guarantee of approval by the year-end, industry insiders like Park are optimistic about the future.
Bitcoin commentator British Hodl sees the first quarter of the upcoming year as a potential launch window for these groundbreaking options. With the SEC’s approval paving the way for the NYSE and the CBOE to list spot Bitcoin ETF options, the stage is set for a new era in cryptocurrency trading.
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