BlockBeats news, on September 28, Galaxy issued a statement stating that the U.S. Securities and Exchange Commission (SEC) had previously approved Nasdaq to list and trade spot Bitcoin ETF options, but it still needs to obtain approval from the U.S. CFTC (U.S. Commodity Futures Trading Commission) and OCC (U.S. Office of the Comptroller of the Currency) approval, there is currently no firm timetable, so the exact start date for trading remains undetermined.
Spot Bitcoin ETF options trading has certain restrictions, such as strict monitoring of market manipulation and clear position limits. Nasdaq ISE plans to work with other exchanges to integrate these requirements with existing monitoring systems.
Galax added that in the long term, spot Bitcoin ETF options can stabilize Bitcoin’s volatility, enhance investor confidence, and deepen market liquidity. Coupled with the recent launch of digital asset custody services by Bank of New York Mellon, Bitcoin’s system transformation is accelerating.
