The post Cboe Resubmits Application for Spot Bitcoin ETF Options Amid SEC Deliberations appeared on BitcoinEthereumNews.com.

The recent activities regarding spot Bitcoin exchange-traded funds (ETF) have taken a new turn. Cboe has refiled its application for listing options on the spot Bitcoin ETF after initially withdrawing it. James Seyffart from Bloomberg Intelligence anticipates that these options could become available in Q4 2024. A comprehensive update on spot Bitcoin ETF developments, involving Cboe’s strategic moves and SEC’s pending decisions, shedding light on future market implications. Cboe Re-submits Application for Spot Bitcoin ETF Options In a significant development, Cboe has withdrawn and refiled its application for listing options on the spot Bitcoin ETF. This action hints at possible involvement from the United States Securities and Exchange Commission (SEC) in the ongoing process. According to Bloomberg Intelligence analyst James Seyffart, the SEC is expected to deliver its final decision by the end of September. However, additional regulatory bodies such as the Options Clearing Corporation (OCC) and the Commodity Futures Trading Commission (CFTC) will also play pivotal roles in this decision-making process. Implications of Withdrawn Applications from Smaller Exchanges Shortly following Cboe’s actions, smaller exchanges like Miami International Securities Exchange, MIAX PEARL, and BOX Exchange retracted their filings for listing spot Bitcoin ETF options. Seyffart remarked that these withdrawals from smaller exchanges hold little significance in the broader context. The focal point remains the applications from larger exchanges like Nasdaq and NYSE, which continue to be under consideration. Bloomberg Intelligence analyst Eric Balchunas expressed optimism, noting that the major exchange applications are still active and hold a high likelihood of approval before the year concludes. Continued Dialogue Between SEC and Cboe The ongoing communication between Cboe and the SEC has caught the attention of market observers. Seyffart noted that when Cboe initially withdrew its application, it stirred significant activity. However, the rapid resubmission with enhanced details suggests a robust engagement…

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Filed under: News - @ August 9, 2024 4:12 pm