cryptojournalist
The U.S. Commodity Futures Trading Commission (CFTC) has given the green light for spot Bitcoin exchange-traded fund (ETF) options, bringing them a step closer to being listed.
What Happens Next?
The next step is for the Options Clearing Corporation (OCC) to finalize the listing. ETF analyst Eric Balchunas believes that it will happen soon, as the ball is now in the OCC’s court.
CFTC Steps Out
The CFTC has stepped back from its role in the process, stating that it won’t be involved in clearing these options. The OCC is now solely responsible for handling all the clearing and settlement.
Could This Affect Bitcoin’s Price?
Many experts are excited about the potential impact of Bitcoin ETF options on the price of Bitcoin. Nick Forster from Derive pointed out how large investments in options could lead to a big price surge.
When Will It Happen?
With approval already from the SEC, these Bitcoin ETF options could be listed sooner than expected—possibly in the next few months. But some analysts think it might take until early 2025.
