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Options trading for spot Bitcoin ETFs may be up after a Securities and Exchange Commission nod allowed multiple “non-security commodity” funds to list on U.S. exchanges. Nasdaq submitted 19b-4 filings with the SEC to amend listing rules allowing trading derivatives on ETFs underpinned by Bitcoin (BTC). Following the proposed rule changes, the SEC has acknowledged the requests, opening a 21-day window for public comments and feedback. ETF expert James Seyffart opined that the SEC could field a decision on these filings by the end of February; however the verdict may also be delayed until September. The SEC does not usually respond as quickly to these sorts of requests, Seyffart noted on X.  Absolute latest we get a decision is somewhere around ~Sept 21, 2024. — James Seyffart (@JSeyff) January 19, 2024 You might also like: Bitcoin ETFs surpass triple the combined daily volume of 500 ETFs launched in 2023 Options on spot BTC ETFs could unlock another channel fo...

In a recent episode of The Scoop podcast, Bloomberg Intelligence analysts James Seyffart and Eric Balchunas predict a high likelihood of the SEC approving a series of spot Bitcoin ETFs between Jan. 5-10. Seyffart and Balchunas’s prediction aligns with the final deadline for the ARK and 21Shares application, initially filed in April, preceding other major players like BlackRock in June in a competitive field of 12 firms. Seyffart speculates that the Securities and Exchange Commission (SEC) has been strategically delaying decisions, possibly to align multiple approvals simultaneously. This approach would prevent any single firm from gaining an unfair advantage. Seyffart warns that if the SEC were to deny these applications, it would represent a significant shift in its approach, akin to “going nuclear.” BREAKING SEC holds another meeting with BlackRock to discuss its Spot #Bitcoin ETF. As per Bloomberg Intelligence analyst James Seyffart, the window for approval o...