The U.S. SEC has sought public opinion on the possibility of introducing Bitcoin spot ETF options trading

On February 25th, according to Bitcoinist, the U.S. SEC has sought public opinion on the possibility of introducing Bitcoin spot ETF options trading, with experts predicting that the regulatory agency may approve it as early as March. In a letter sent to the SEC on Friday, the New York Stock Exchange (NYSE) applied for a rule change to allow options trading on Bitwise Bitcoin ETF (BITC), Grayscale GBTC, and "any trust holding Bitcoin." NYSE stated that under U.S. securities laws, Bitcoin spot ETFs qualify for options trading because they are exchange-traded products supported by commodities (ETPs). It also mentioned that all exchange standard rules and regulations will guide various aspects of listing and trading of spot ETF options, including listing standards, expiration dates, exercise prices, minimum increments etc. Additionally, Bitcoin spot ETF options will also be subject to NYSE's ongoing listing standards; if related ETFs fail to meet certain standards specified in Section 916 of U.S. securities laws and many other conditions, they may be delisted. The SEC has formally acknowledged NYSE's latest submission application by including the proposal in its official register and inviting public feedback within the next 21 days.