SEC Recognizes Nasdaq’s Proposal for Spot Bitcoin ETF Options Trading

Trading derivatives based on Bitcoin (BTC) Exchange Traded Funds (ETFs) may soon see a rise, following the green light from the U.S. Securities and Exchange Commission (SEC). This move has enabled the listing of various funds classified as “non-security commodities” on American exchanges.



Nasdaq has taken proactive steps by filing 19b-4 forms with the SEC. These filings aim to modify listing regulations, paving the way for derivatives trading anchored in Bitcoin-based ETFs.



In response to these proposed regulatory alterations, the SEC has initiated a public consultation period, lasting 21 days, to gather public opinion and feedback. James Seyffart, an ETF specialist, has suggested that a decision on these applications could be made by the SEC as early as the end of February. However, there's also a possibility of a delay until Sep


First found on: https://coinatory.com/cryptocurrency-news/sec-nasdaqs-bitcoin-etf-16722/?utm_source=BG&utm_medium=Blogger+Some+Crypto+Blog&utm_campaign=SNAP