

This development, while initially appearing like a setback, is being interpreted by industry analysts as a positive sign of potential engagement from the
Bitcoin BTC/USD options traders are closely monitoring the latest developments in the regulatory approval process. Several key applications are still pending, including those from major exchanges like Nasdaq, NYSE and CBOE for listing the underlying spot Bitcoin ETFs.
What Happened: On Friday, it was revealed that the Chicago Board Options Exchange (CBOE) has withdrawn and resubmitted its application to list options on spot Bitcoin ETFs. While this may initially seem like a setback, industry analysts are interpreting it as a positive sign of potential engagement from the Securities and Exchange Commission (SEC).
“Just as ‘comments from the SEC’ was a good sign in our ETF approval odds, we think this is a good sign here too,” tweeted Eric Balchunas, Senior ETF Analyst at Bloomberg Intelligence, echoing a sentiment shared by many.
The logic behind this optimism is that if the SEC intended to outright deny the application, there would be little point in further discussion.
James Seyffart, another prominent ETF analyst, first reported the news on X (NYSE:X) (formerly Twitter (TWTR)) , stating, “There’s definitely some movement on Bitcoin ETF options. CBOE just withdrew their application for options on spot Bitcoin ETFs. Which sounds like a bad thing at first… But at the same time they just re-filed a brand new and updated application.”
However, it’s important to note that this is not the final hurdle. CBOE’s refiling suggests positive interaction with the SEC, but other approvals are still needed.
“I don’t know if I jinxed it or what,” Seyffart later tweeted, “But three exchanges have withdrawn their applications to list the spot Bitcoin ETF options since I tweeted this.”
He emphasized that the key applications to watch are from major exchanges for listing the underlying ETFs themselves.
Despite the remaining steps, analysts are optimistic about the timeline.
“We think the Bitcoin ETF options happen in 4th quarter this year,” Seyffart concluded. “Final deadline for SEC decision is ~Sept. 21 but there’s more steps needed after that from OCC & CFTC.”
What’s Next: This development underscores the growing interest in Bitcoin-related investment products, with options offering a way to manage risk and potentially profit from Bitcoin’s price movements.
For those interested in learning more about the future of digital assets and the potential impact of Bitcoin ETF options, Benzinga’s upcoming Future of Digital Assets event on Nov. 19 promises to be a valuable resource.
See More: Best Bitcoin ETF Brokers
The above is the detailed content of Bitcoin (BTC) Options Traders Welcome Chicago Board Options Exchange (CBOE) Withdrawing and Resubmitting Application to List Options on Spot Bitcoin ETFs. For more information, please follow other related articles on the PHP Chinese website!

Other exchanges have also withdrawn their applications, but some have re-filed.

This development, while initially appearing like a setback, is being interpreted by industry analysts as a positive sign of potential engagement from the

The decision follows Nasdaq recently also getting permission for options on spot bitcoin ETFs in the U.S.

The Securities and Exchange Commission has given the green light for the New York Stock Exchange (NYSE) to begin trading options on Spot Bitcoin Exchange-Traded Funds
![CBOE Re-Submits Filing to the U.S SEC, Aiming to Introduce Options Trading for Spot Bitcoin [BTC] ETFs Listed on Wall Street](https://img.php.cn/upload/article/000/465/014/172326358031830.jpg)
This move comes after the company withdrew its initial application, making necessary regulatory adjustments before re-applying.

This action has renewed interest in the Securities and Exchange Commission's (SEC) involvement in Bitcoin ETF options.

This is the second hurdle they needed to clear after the SEC. Ball now in OCC's court and they are into it, so they'll prob list very soon.

This follows the U.S. Securities and Exchange Commission’s approval of options on BlackRock’s iShares Bitcoin Trust on September 20, 2024

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