- The US Securities and Exchange Commission (SEC) has issued a request for public input regarding stock options for spot Bitcoin ETFs.
- By May 29, the SEC has set an interim deadline for these matters.
- One of the main areas of interest for the Commission is the supervision of these products.
In a recent development, the SEC has postponed its decision on applications for trading stock options on spot Bitcoin ETFs. Simultaneously, the regulator is seeking public comments on this particular issue.
During this phase, the Commission aims to gain clarity on several matters outlined in the resolution. One crucial aspect pertains to determining whether options on spot Bitcoin ETFs should be subject to the same regulations as traditional stocks.
The documents indicate questions such as: “Should options on a specific Bitcoin ETP have the same restrictions as other options? Should the available supply of an asset be considered when setting limits on Bitcoin ETF options?”
The SEC has designated a 21-day period for public comments, with an interim deadline of 35 days in total. This implies that the Commission has until May 29, 2024, to advance with further actions concerning these cases.
Earlier, Eric Balchunas, an analyst at Bloomberg Intelligence, predicted the introduction of derivative financial instruments tied to spot Bitcoin ETFs, including but not limited to options on ETF shares, by September 2024.