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Options trading in spot bitcoin ETFs could be on the rise after the U.S. Securities and Exchange Commission (SEC) approved the listing of several “non-securities commodity” funds on U.S. exchanges.
Nasdaq filed a 19b-4 with the SEC to amend its listing rules to allow trading of bitcoin (BTC)-based ETF derivatives.
Following the proposed rule change, the SEC has acknowledged the requests and opened a 21-day window for public comment and feedback.ETF expert James Seyffart believes the SEC could make a decision on the filings by the end of February; however, a ruling could also be delayed until September.Litecoin DOGE Miner Asic
Seyffart noted on X that the SEC doesn’t usually respond to such requests that quickly.
Spot BTC ETF options could open up another avenue for investors to gain exposure to bitcoin. These derivatives allow traders to speculate or hedge against volatility, a market phenomenon closely associated with cryptocurrencies and other risky assets.
If approved, the options would join a series of bitcoin-related products that entered the market shortly after the spot BTC ETF was approved. Financial products provider Direxion has filed for five leveraged spot bitcoin ETFs.BITMAIN Antminer L7
Increased interest in crypto ETFs has also spread outside the U.S., with Hong Kong regulators and institutions preparing to launch similar products in the first quarter of this year. Regulators in Singapore and South Korea have issued warnings about spot bitcoin funds, although officials may offer a different view.
South Korea’s presidential office has implored local regulators to reassess their cryptocurrency stance as demand for Bitcoin-related investment vehicles continues to grow.
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