Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Spot Bitcoin ETF options could be approved as late as December 2024

Spot Bitcoin ETF options could be approved as late as December 2024

Crypto SlateCrypto Slate2024/02/02 00:06
By:Mike Dalton

CFTC involvement could extend the approval process.

 

Options on spot Bitcoin exchange-traded funds (ETFs) may not earn regulatory approval for several months, Reuters reported on Feb. 1 .

Martin Leinweber, digital asset product strategist for MarketVector Indexes, told Reuters that it may take two to ten months for those options to gain approval. This implies a possible approval date between April and December 2024.

This is because options may need approval from two regulators. Spot Bitcoin ETFs only required approval from the U.S. Securities and Exchange Commission (SEC) prior to their launch in January. Options on those ETFs, however, may require approval from both the SEC and the Commodity Futures Trading Commission (CFTC). Leinweber explained that a need for dual approval “adds a layer of complexity and potential for … regulatory headaches.”

According to Reuters’ sources, delays are ongoing and no established regulatory process exists. One unnamed source said that the CFTC is currently looking at issues related to jurisdiction and oversight. Another said that exchange executives plan to meet with the CFTC in the near future.

Cboe , one of three exchanges that intends to list the options, supports a months-long timeline. Its website says it expects to list the options later in 2024.

 

Other experts anticipate earlier decision

 

A longer approval timeline differs from earlier expectations. Bloomberg ETF analyst James Seyffart previously suggested that the SEC could decide on spot Bitcoin ETF options as early as February and no later than September . He also suggested that the SEC had acknowledged some filings relatively quickly.

Seyffart made that statement as the SEC opened comments on certain applications on Jan. 19. His estimate seemingly did not consider the CFTC’s potential involvement in approvals, as described by Reuters today.

Regardless, the SEC is only required to reach a decision. Is not required to approve any proposals and may instead issue a rejection.

Options would provide a new way for investors to access spot Bitcoin ETFs. By investing in options, investors would be able to take part in leveraged trading and potentially earn higher returns, albeit with greater risk.

 
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Cobie: Long-term trading

Crypto Twitter doesn't want to hear "get rich in ten years" stories. But that might actually be the only truly viable way.

Chaincatcher2025/11/29 19:18
Cobie: Long-term trading

The central bank sets a major tone on stablecoins for the first time—where will the market go from here?

This statement will not directly affect the Hong Kong stablecoin market, but it will have an indirect impact, as mainland institutions will enter the Hong Kong stablecoin market more cautiously and low-key.

Chaincatcher2025/11/29 19:17
The central bank sets a major tone on stablecoins for the first time—where will the market go from here?

Charlie Munger's Final Years: Bold Investments at 99, Supporting Young Neighbors to Build a Real Estate Empire

A few days before his death, Munger asked his family to leave the hospital room so he could make one last call to Buffett. The two legendary partners then bid their final farewell.

ForesightNews2025/11/29 18:52
Charlie Munger's Final Years: Bold Investments at 99, Supporting Young Neighbors to Build a Real Estate Empire

Stacks Nakamoto Upgrade

STX has never missed out on market speculation surrounding the BTC ecosystem, but previous hype was more like "castles in the air" without a solid foundation. After the Nakamoto upgrade, Stacks will provide the market with higher expectations through improved performance and sBTC.

雨中狂睡2025/11/29 17:51
Stacks Nakamoto Upgrade