The post Bitcoin ETF Options Stalled As Nasdaq And NYSE Hit The Brakes appeared on BitcoinEthereumNews.com.

Nasdaq and NYSE have reportedly shelved plans on Bitcoin ETF options, proving a massive dampener for all those investors looking for more accessible cryptocurrency trading. This comes in as both the exchanges have called back their applications meant to list and trade options based on Bitcoin ETFs. In a move that we could say is surprisingly not what most people expected, a debate on whether options trading in this terrain has been stirred in the crypto community. Regulatory Hurdles The landscape of regulation has been pretty much constant in terms of a challenge for crypto innovation. It has taken the industry almost a decade of effort to get spot Bitcoin ETFs approved, and the road to options trading is still full of hurdles. The US Securities and Exchange Commission has been very careful, and the recent withdrawals by Nasdaq and NYSE only underline the difficulties involved in the process. Industry players had earlier gauged that options could come as early as the end of 2024, but recent events seem to indicate otherwise. NASDAQ & NYSE have joined CBOE in withdrawing their applications for allowing options to trade on the Bitcoin ETFs. I’m expecting them to re-file over the coming days or weeks like we saw from CBOE. https://t.co/8trtqNBVTx pic.twitter.com/YC1U2SgAVA — James Seyffart (@JSeyff) August 15, 2024 James Seyffart, a Bloomberg ETF analyst, is one of the optimistic voices who thought options trading may commence anytime soon. He claimed that the SEC had a cut-off for decisions on several applications, which included filings for options on Bitcoin ETFs. But the fact that has been opened up by the recent withdrawals following those announcements is that exchanges are growing risk-averse in a yet-developing regulatory environment. It represents a tinge of uncertainty brought into play for investors eyeing options as a trading strategy.…

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Filed under: News - @ August 18, 2024 12:02 am