SEC Recognizes Nasdaq’s Proposal for Spot Bitcoin ETF Options Trading

SEC Recognizes Nasdaq’s Proposal for Spot Bitcoin ETF Options Trading



Trading derivatives based on Bitcoin (BTC) Exchange Traded Funds (ETFs) may soon see a rise, following the green light from the U.S. Securities and Exchange Commission (SEC). This move has enabled the listing of various funds classified as “non-security commodities” on American exchanges.



Nasdaq has taken proactive steps by filing 19b-4 forms with the SEC. These filings aim to modify listing regulations, paving the way for derivatives trading anchored in Bitcoin-based ETFs.



In response to these proposed regulatory alterations, the SEC has initiated a public consultation period, lasting 21 days, to gather public opinion and feedback. James Seyffart, an ETF specialist, has suggested that a decision on these applications could be made by the SEC as early as the end of February. However, there's also a possibility of a delay until Sep


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#Bitcoin, #Blockchain, #BTC, #BTCETF, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #ETF, #NASDAQ, #News, #SpotEtf

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