Nasdaq proposal opened the floor for trading options

SEC looking to legalize new Bitcoin ETF’s Options
Nasdaq proposal seeks to enable options trading on BlackRock’s Bitcoin ETF

The U.S. Securities and Exchange Commission (SEC) has opened the floor for public input regarding a Nasdaq proposal, which seeks to enable options trading on BlackRock’s spot Bitcoin ETF.

The public comment period, set to last for 21 days, was announced through a filing posted Friday.

According to the filing, “The Exchange proposes to amend Options 4, Section 3, Criteria for Underlying Securities, to allow the Exchange to list and trade options on iShares Bitcoin Trust (the ‘Trust’) as a Unit deemed appropriate for options trading on the Exchange.”

Analyst James Seyffart about SEC’s release

Bloomberg Intelligence ETF research analyst James Seyffart noted the SEC’s swift action on the proposal, a departure from its usual pace.

Seyffart, in a Friday post, said, “The SEC has already acknowledged the 19b-4’s requesting the ability to trade options on spot #Bitcoin ETFs. This is faster than SEC typically moves. Options could be approved before the end of February if SEC wants to move fast?”

Analyst Amiri Corbyn published some statements too

Analyst Amiri Corbyn told Benzinga that having the ability to trade a valuable asset with ease for normal consumers is a necessity to allow for diversification and choice in investments.

Corbyn added that restricting the trade of assets or limiting their accessibility only makes it harder for a prudent investor to be able to acquire such assets.

“By allowing ease of investing in assets such as Bitcoin and Ethereum it will only allow for more freedom. Investing is important, the vehicles we give for those investments to take place are equally as important.”

 

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