The SEC is seeking public input on the introduction of Bitcoin spot ETF options trading
ChainCatcher news, according to Bitcoinist, the U.S. Securities and Exchange Commission (SEC) has invited the public to comment on the potential introduction of Bitcoin spot ETF options trading. Experts predict that the regulatory agency may approve as early as March.The New York Stock Exchange (NYSE) sent a letter to the SEC on Friday, requesting a rule change to allow options trading for Bitwise Bitcoin ETF (BITC), Grayscale Bitcoin Trust (GBTC), and "any trust holding Bitcoin." The NYSE stated that under U.S. trading law, Bitcoin spot ETFs are eligible for options trading because they are commodity-backed exchange-traded products (ETPs). It also mentioned that all standard exchange rules and regulations will govern various aspects of the listing and trading of spot ETF options, including listing standards, expiration dates, strike prices, minimum increments, and more.Additionally, Bitcoin spot ETF options will also be subject to the NYSE's continued listing standards. If the underlying ETF fails to meet certain standards set forth in Section 916 of the U.S. Securities Act, as well as many other conditions, Bitcoin spot ETF options may be delisted. The SEC has officially acknowledged the NYSE's latest submission, incorporating the proposal into its official register and inviting public feedback within the next 21 days.