As a seasoned researcher with years of experience in the financial markets, I can confidently say that we are on the precipice of a significant milestone in the Bitcoin world. The recent CFTC notice clearing the way for spot Bitcoin ETF options has set the stage for what could be an explosive entry into this space.
According to recent announcements from the U.S. Commodity Futures Trading Commission (CFTC), there’s a potential green light for Bitcoin spot exchange-traded funds (ETFs). Financial experts believe that these ETF options might become available very soon.
As an analyst, I find myself in a position where the ball is now with OCC, and given their involvement, I anticipate that they will list the ETF imminently. This was shared in a post on my platform on November 15th.
“Here. We. Go,” ETF analyst James Seyffart added.
On November 16th, the CFTC declared through a statement that the Division of Clearing and Risk (DCR) no longer holds responsibility for overseeing the clearing process of these options.
It was mentioned that the Equity Options for these ETFs are both processed (cleared) and finalized (settled) by the Options Clearing Corporation, who is solely responsible for their issuance.
According to Balchunas, the next step for Bitcoin ETF options is to overcome the “second challenge” that arises following their approval by the Securities and Exchange Commission.
On October 18th, the Securities and Exchange Commission (SEC) granted permission to both the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE) to introduce Bitcoin Spot ETF options that have been eagerly awaited.
This is a developing story, and further information will be added as it becomes available.
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2024-11-16 05:16