Amid the surging interest in Spot Bitcoin ETFs, an options feature is likely to debut in the second half of 2024. Indeed, Bloomberg analyst James Seyffart recently reported that the product should arrive in Q4, with the potential that it launches even earlier.
Seyffart said the deadline for a decision by the US Securities and Exchange Commission (SEC) is September 21st. However, the feature could arrive as early as that month. He noted that the process could lead to options arriving in Q3 for the top ETF issuers.
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Bitcoin ETF Options to Debut as Early as September
2024 has proven to be the year of Bitcoin. There is little denying its growth in prevalence throughout this year. It has become a political focal point, proving to be a key battleground topic leading up to November’s US presidential election.
A massive part of its growth has been due to the arrival of its own exchange-traded fund this year. Indeed, it could be set to take another step forward. One Bloomberg analyst says Bitcoin ETF options are expected to arrive at some point in the second half of the year.
“We think the Bitcoin ETF options happen in 4th quarter this year,” Bloomberg’s James Seyffart said. Although the SEC deadline is September 21st, more steps would be required. Specifically, action would need to be taken by both the OCC and CFTC, he reported.
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Although Q4 is rumored, Seyffart noted it could happen earlier. “There’s nothing stopping things from moving even faster than that,” regarding the September 21 deadline. Yet, he did note that the process usually requires longer timeframes.
Options could also arrive for Spot Ethereum ETFs. Earlier this week, Nasdaq and BlackRock filed to add options to their ETH fund. However, that deadline is much further away. If an approval is granted, it wouldn’t be until April of 2025, reports suggest.