On October 18, the SEC formally cleared spot bitcoin ETF options for trading on the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE). This event coincided with record inflows into bitcoin ETFs in the U.S., which turned out to be the highest in seven months.
The regulator confirmed that both exchanges have been cleared to list spot bitcoin ETF options, with the exception of Grayscale’s Bitcoin Mini Trust, which has been delisted from the CBOE. The SEC noted that this decision is in line with the requirements of Act 76, which is aimed at ensuring market transparency, protecting investors, and preventing fraud.
While the exact date for the launch of options trading is not yet known, experts expect this innovation to improve the liquidity of Bitcoin ETFs and attract more participants to the market. It is expected that access to crypto products will become easier for a wider range of investors.
Jeff Park, head of alpha strategies at Bitwise, explained that ETF options provide more flexible terms compared to Bitcoin options available on specialized platforms such as Deribit. He emphasized that the new instruments will allow the use of cross-margin collateral, which will facilitate asset management.
Park also noted that although derivatives do not directly affect the supply of Bitcoin, they play a key role in reducing volatility, allowing investors to hedge their positions and manage risks.
The SEC approval coincided with a noticeable increase in the inflow of funds into spot Bitcoin ETFs. According to SoSoValue, more than $2 billion has been invested in such funds in the past week. This indicates growing interest from both retail and institutional investors.
Nate Geraci, president of the ETF Store, emphasized that if this trend continues, Bitcoin ETFs could overtake even gold in volume within the next two years, which will be an important stage in the development of the cryptocurrency market.
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