SEC Delays Decision on Bitcoin ETF Options

The SEC has extended the review period for proposals to list options on bitcoin ETFs, with a decision expected in late April.

The SEC has postponed decisions on rule change proposals from Cboe, NYSE, and Nasdaq to list options related to bitcoin ETFs until late April.
Options on bitcoin ETFs are seen as a way to hedge risk, offering a tool for investors to buy or sell a financial product at a specified price within a certain time frame.
Cboe, NYSE, and Nasdaq are seeking approval to list options on bitcoin ETFs, with Nasdaq specifically aiming to list options on BlackRock’s iShares Bitcoin Trust ETF.
BlackRock's iShares Bitcoin Trust ETF has seen significant success, with $10 billion in assets under management, while Grayscale's bitcoin ETF has $26 billion.
Grayscale is advocating for the SEC to approve options on its fund, GBTC, and is pushing for a standardized approach to approving options products on commodity ETFs.