Approval of options on spot Bitcoin exchange-traded funds (ETFs) may be delayed until as late as December 2024, according to Martin Leinweber, a digital asset product strategist for MarketVector Indexes. This is due to the need for approval from both the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), adding complexity and potential regulatory challenges. While earlier estimates suggested a decision could come as early as February, the involvement of the CFTC may extend the timeline. The SEC has the final say on approval and is not obligated to approve any proposals. Once approved, options would provide investors with a new avenue for accessing spot Bitcoin ETFs and engaging in leveraged trading, with potentially higher returns but increased risk.
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Spot Bitcoin ETF options could be approved as late as December 2024
