CandleFocus

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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