CBOE is aiming to unlock Options trading for Spot Bitcoin ETFs. What would be the SEC’s next move? Well, analysts believe that...
CBOE’s Bitcoin ETF Options filing could expand crypto market participation and solidify Bitcoin’s role as a mainstream asset.This move comes after the company withdrew its initial application, making necessary regulatory adjustments before re-applying.
The new, more detailed filing, which is 44 pages long, likely indicates that the SEC provided feedback or raised concerns about certain aspects of the initial filing.In fact, he believes that the SEC’s concerns were related to position limits and market manipulation risks.Hence, the expanded filing likely addresses these issues more thoroughly to satisfy the SEC’s requirements and move closer to approval.
There’s a concern that submitting this new, more detailed application might reset the approval process, pushing the decision deadline back to late April. “One downside here is that I think this restarts the clock. So deadline would move to some time at the end of April .”In conclusion, the introduction of Options on Spot BTC ETFs represents a significant milestone for the cryptocurrency market.
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