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SEC approval of BTC ETF options to ‘attract more big fish’

SEC approval of BTC ETF options to ‘attract more big fish’
The upcoming options on US ETFs that hold bitcoin are expected to be a game-changer and attract more liquidity and institutional investors. Grayscale Investments advocates for swift approval of options on commodity-based ETPs to facilitate price discovery and risk management. The approval of bitcoin ETF options could lead to the introduction of new types of products such as defined-outcome ETFs and covered call funds. The net inflow of US bitcoin funds for which options will be offered stands at $17.7 billion since January. The House Financial Services Committee will hold a hearing with SEC commissioners to discuss the agency's regulatory agenda and approach to digital assets. The SEC's funding plan and budget will likely be a major topic of discussion during the hearing.

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