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Despite the much-anticipated approval of spot Bitcoin ETF options by the U.S. Securities and Exchange Commission (SEC), Galaxy Digital has confirmed that more regulatory approvals are needed before trading can begin. Investors are left wondering why these options, expected to be a game-changer for the market, are still not available.
Two More Regulatory Approvals Needed
Both the Commodity Futures Trading Commission (CFTC) and the Office of the Comptroller of the Currency (OCC) have yet to give the green light for the Bitcoin ETF options. Without these approvals, there is no set timeline for when trading can officially start.
The launch of spot Bitcoin ETF options is expected to come with stringent regulations, including tight surveillance to prevent market manipulation and well-defined position limits. Nasdaq ISE is reportedly collaborating with other exchanges to integrate these requirements into their oversight systems.
Galaxy Digital’s Long-Term Outlook on Bitcoin ETF Options
Galaxy Digital has highlighted the long-term benefits of Bitcoin ETF options, suggesting they could help stabilize Bitcoin’s volatility, boost investor confidence, and deepen market liquidity. Recent developments, such as Bank of New York Mellon’s introduction of digital asset custody services, further underscore the growing institutional interest in Bitcoin (BTC). These moves signal that Bitcoin’s institutional adoption is gaining momentum.
