Connect with us

Hi, what are you looking for?

Oracle of  Omaha SaysOracle of  Omaha Says

Editor's Pick

US SEC Delays Decision on Grayscale, Bitwise Bitcoin ETF Options

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on allowing options trading for Bitcoin exchange-traded funds (ETFs) offered by Grayscale and Bitwise.

According to the SEC’s latest filing on April 8, the Commission has decided to allocate a longer period to review Grayscale’s and Bitwise’s applications to list the trading of their Bitcoin ETF options.

SEC Designates May 29 as New Decision Date


“The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change,” the filing reads.

Under Section 19(b)(2) of the Act, the SEC has set May 29, 2024, as the deadline by which it will either approve or disapprove, or initiate proceedings to decide whether to disapprove, the applications.

On Jan. 10, a total of 11 Bitcoin ETFs were approved as the first batch of its kind, listed on the New York Stock Exchange (NYSE) and Nasdaq. These financial products enhanced the accessibility of cryptocurrency for the public, providing new investment options.

Deferred Applications Filed by Cboe and Nasdaq


The SEC first postponed its decision on allowing options trading for Bitcoin ETFs in March 2024. The delay affected proposals from both Cboe Exchange Inc. and Nasdaq ISE, which sought to offer options linked to ETFs holding Bitcoin and BlackRock’s iShares Bitcoin Trust, respectively.

Details of these postponements were documented in the SEC’s announcements, demonstrating the regulator’s cautious approach to overseeing the expansion of crypto-related products.

These proposals aimed to introduce derivatives that traders could use to speculate on future gains or to protect against potential losses.

By paying a premium, an investor can enter into a contract with another party, typically facilitated by an exchange, that sets a future date at which the investor has the right, but not the obligation, to buy a specific asset, such spot Bitcoin ETFs, at a predetermined price regardless of the market price at that time.

The post US SEC Delays Decision on Grayscale, Bitwise Bitcoin ETF Options appeared first on Cryptonews.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    A former Republican legislative candidate who traveled to Washington for former President Donald Trump’s ‘Stop the Steal’ rally was arrested Friday and charged with...

    Latest News

    Abbe Lowell, Hunter Biden’s attorney, filed an ethics complaint Friday against Georgia Rep. Marjorie Taylor Green after she displayed censured nude photos of the president’s...

    Stock

    Even as U.S. inflation broadly cools, frozen vegetable prices are hot. The average shelf price for frozen veggies rose by 18% in the past year...

    Latest News

    President Biden has overruled the Pentagon and chosen Adm. Lisa Franchetti to lead the Navy, making her the first woman, if she’s confirmed, to...

    Disclaimer: Oracleofomahasays.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 Oracleofomahasays.com