CFTC Says Spot Bitcoin ETF Options Should Be Cleared and Settled by Options Clearing Corporation
The US Commodity Futures Trading Commission (CFTC) has cleared the way for options trading on spot Bitcoin exchange-traded funds (ETFs).
The CFTC’s Division of Clearing and Risk (DCR) issued a statement confirming that the Options Clearing Corporation (OCC) will be responsible for clearing and settling these options.
The CFTC’s decision is based on the classification of spot commodity ETF shares as securities, placing them under the regulatory purview of the Securities and Exchange Commission (SEC).
With this hurdle cleared, the OCC now holds the final authority to decide on the listing of Bitcoin ETF options.
Market analysts, such as Bloomberg’s Eric Balchunas, anticipate that the OCC will approve these options shortly.
This development brings options trading on spot Bitcoin ETFs closer to becoming a reality, potentially offering investors new strategies for managing risk and generating returns in the cryptocurrency market.
