Applications Filed for BTC ETF Options Trading

The United States Securities and Exchange Commission (SEC) has officially acknowledged proposals from Nasdaq and Cboe regarding the commencement of options trading on Bitcoin exchange-traded funds (ETFs). Nasdaq submitted a rule change application to facilitate options trading on BlackRock’s iShares Bitcoin Trust, while Cboe sought approval for trading options on “ETPs [exchange-traded products] that Hold Bitcoin.”

The trading of BTC ETFs commenced on Nasdaq and Cboe on January 11, following SEC approval obtained a day earlier. Catherine Clay, the executive vice president of Cboe, shared on January 18 that the exchange was witnessing “good inflows” into BTC ETFs. She also said that options trading was the “next logical step” for Bitcoin ETFs.

Clay revealed that the application was submitted last week, and the exchange is currently awaiting a decision. Acknowledging the uncertainty, she stated, “It’s really difficult to know if we will even see approval.”

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Cboe’s options clearing corporation has also made corresponding filings with both the SEC and the Commodity Futures Trading Commission, adding a layer to the regulatory process.