Bitcoin ETF Options Expected by Q4 Amid Exchange Applications

James Seyffart recently indicated on X that there have been developments with Bitcoin ETF options.

He noted that while CBOE withdrew their application for spot Bitcoin ETF options, they promptly submitted a revised one.

Three smaller exchanges, BOX Exchange, MIAX Pearl, and Miami International Securities Exchange, also pulled their applications to list spot Bitcoin ETFs. Seyffart and Eric Balchunas, a senior ETF analyst at Bloomberg, both emphasized that the major exchanges—Nasdaq, NYSE, and CBOE—still have active applications, which are the ones that really matter.

Seyffart predicted that options could be added to spot Bitcoin ETFs in the U.S. by the fourth quarter of this year, possibly starting as early as the third quarter.

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The final decision from the SEC is expected around September 21, with additional approvals needed from the OCC and CFTC. He also mentioned that numerous BTC and ETH-related ETFs, including leveraged products, already offer options.

On August 7, Nasdaq and BlackRock filed to add options to BlackRock’s spot Ethereum ETF, the iShares Ethereum Trust. The SEC has 21 days to comment, with a final deadline around April 9, 2025.

Nasdaq also highlighted other commodity ETFs with listed options, such as BlackRock’s iShares COMEX Gold Trust and iShares Silver Trust.

Alexander Stefanov