The post BTC ETF Options Coming Soon? Bloomberg ETF Analyst Notes ‘Some Movement’ appeared first on Coinpedia Fintech News
James Seyffart took to X to share that there’s definitely some movement on Bitcoin ETF options.
“CBOE just withdrew their application for options on spot Bitcoin ETFs. Which sounds like a bad thing at first… But at the same time they just re-filed a brand new and updated application”, he noted.
Three Exchanges Withdraw Their Application, But Does It Matter?
However, in a follow up post he noted that three exchanges, BOX Exchange, MIAX Pearl and Miami International Securities Exchange, withdrew their applications to list spot Bitcoin ETF since he tweeted that. The exchange filings that matter in his opinion are the ones that list the ETFs – Nasdaq, NYSE, & CBOE
Senior Bloomberg ETF analyst Eric Balchunas also noted that those are the three ‘tiny exchanges’ while major entities, like the NYSE, Nasdaq, and Chicago Board Options Exchange (CBOE) still have active applications.
Options Feature Likely To Be Added To Spot BTC ETFs In Q4
According to Bloomberg ETF analyst James Seyffart, options features are likely to be added to spot Bitcoin ETFs in the US in the Q4.
Seyffart highlighted that the offering could start as soon as the third quarter, as the final deadline for a decision from the US SEC is approximately September 21.
He also noted that the Office of the Comptroller of the Currency (OCC) and the Commodity Futures Trading Commission (CFTC) must also approve the inclusion. The Bloomberg analyst listed 20 ETFs related to BTC and ETH that already have options, including leveraged products.
Eric Balchunas, senior ETF analyst at Bloomberg, comments on the major developments in Bitcoin Options applications. He stated that the comments from the SEC were a good sign in the ETF approval odds and the latest update seems like a good sign in this case too.
Options for Ethereum ETFs
On Aug. 7, Nasdaq and BlackRock filed to add to the asset manager’s spot Ethereum ETF iShares Ethereum Trust (ETHA). The SEC has 21 days to provide comments on the matter, although the final deadline is likely to be around April 9, 2025, according to Seyffart.
In the filing, Nasdaq mentioned other commodity ETFs with listed options in its platform, such as BlackRock’s iShares COMEX Gold Trust and the iShares Silver Trust.
Notably, On Aug. 9, ETF Store president Nate Geraci pointed out that options were already available on some crypto derivatives ETPs, so it made sense to offer them on spot ETFs.
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