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

Bitcoin security reaches a historic high, but miner revenue drops to a historic low. Where will mining companies find new sources of income?

The current paradox of the Bitcoin network is particularly striking: while the protocol layer has never been more secure due to high hash power, the underlying mining industry is facing pressure from capital liquidation and consolidation.

区块链骑士2025/11/28 08:23
Bitcoin security reaches a historic high, but miner revenue drops to a historic low. Where will mining companies find new sources of income?

What are the privacy messaging apps Session and SimpleX donated by Vitalik?

Why did Vitalik take action? From content encryption to metadata privacy.

ForesightNews 速递2025/11/28 08:23
What are the privacy messaging apps Session and SimpleX donated by Vitalik?

The covert war escalates: Hyperliquid faces a "kamikaze" attack, but the real battle may have just begun

The attacker incurred a loss of 3 million in a "suicidal" attack, but may have achieved breakeven through external hedging. This appears more like a low-cost "stress test" targeting the protocol's defensive capabilities.

ForesightNews 速递2025/11/28 08:23
The covert war escalates: Hyperliquid faces a "kamikaze" attack, but the real battle may have just begun