CryptoMediaClub
Friday, October 3, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Grayscale Urges SEC for Spot Bitcoin ETF Options Approval

01.03.2024
A A
0
127
VIEWS
ShareShare

Grayscale is calling on the US Securities and Exchange Commission to approve options on its spot Bitcoin exchange-traded fund, aiming to expand access to a broader range of investors.

CEO Michael Sonnenshein said in a letter Wednesday that denying options on its Grayscale Bitcoin Trust would unfairly disadvantage its shareholders, Reuters reported. He emphasized that the SEC has previously authorized options on ETFs linked to Bitcoin futures.

“It is vital to the interests of GBTC and all spot Bitcoin [exchange-traded product] investors to access exchange-listed options on GBTC and other spot Bitcoin ETPs,” Sonnenshein wrote.

Implications of Bitcoin Options Approval

Options are contracts that give the holder the right to buy or sell an asset at a set price in the future. Options on a spot Bitcoin ETF would let investors buy or sell these contracts based on how they think the price of the Bitcoin ETF will change.

For instance, if someone thinks the price will go up, they might buy a type of option called a call option. Yet, getting approval for these products isn’t simple and might drag on for months.

Sonnenshein added that options could aid in determining prices for the shares of the new ETFs, helping investors adapt to market conditions, hedge risks, and generate income, per the report.

If approved, these would expand the regulatory scope around Bitcoin by enabling more regulated market players like contract merchants and broker-dealers to engage in trading these products, according to Sonnenshein.

GBTC Sees Outflows as Bitcoin Surges

The letter comes as Bitcoin has surged beyond $60,000, nearing a record high, driven by an influx of funds into ETFs. Concurrently, spot Bitcoin ETF trading volumes surged to over $7.5b on Wednesday, according to The Block.

On Thursday, Grayscale’s spot Bitcoin exchange-traded fund (ETF) (GBTC) faced a sluggish trading session, marked by net outflows nearing $600m. This day marked the second largest outflow since Jan. 11. Total GBTC outflows since Jan. 11 now amount to $8,406.3m.

Delays Expected for Bitcoin ETF Options

Crypto executives are already anticipating a shift beyond traditional ETFs. And asset managers are expected to incorporate a wider range of crypto assets into single investment vehicles in the coming year.

Reuters earlier reported that options on Bitcoin ETFs might face delays due to the absence of a defined regulatory procedure for their endorsement.

The SEC usually approves just days after an ETF begins trading. But, in this case there is a challenge because regulators categorize Bitcoin as a commodity. Consequently, options for spot Bitcoin ETFs may also necessitate approval from the Commodity Futures Trading Commission (CFTC).

The post Grayscale Urges SEC for Spot Bitcoin ETF Options Approval appeared first on Cryptonews.

Share10Tweet6ShareSharePin2

Related Posts

PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher
All news

PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher

02.10.2025
0

Pump.fun’s native token has jumped 32% in the past 7 days, and technical indicators now point to even bigger gains...

Read moreDetails
CME Group to Launch 24/7 Crypto Futures and Options Trading in Early 2026

CME Group to Launch 24/7 Crypto Futures and Options Trading in Early 2026

02.10.2025
From Bitcoin to DeFi 2.0, the Trends Driving Crypto’s Future: WisdomTree Analyst

From Bitcoin to DeFi 2.0, the Trends Driving Crypto’s Future: WisdomTree Analyst

02.10.2025
The PioneerHash Cloud Mining App, a Global Hit by 2025

The PioneerHash Cloud Mining App, a Global Hit by 2025

02.10.2025
Crypto Exploits Plunge 22% — $127M Lost in September, Top Hacks Revealed

Crypto Exploits Plunge 22% — $127M Lost in September, Top Hacks Revealed

02.10.2025
Load More
Next Post
State Attorneys General Question SEC’s Authority in Kraken Lawsuit

State Attorneys General Question SEC’s Authority in Kraken Lawsuit

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Bitcoin NFTs Back in Spotlight as Ordinals Cross 3.5M Inscriptions

Bitcoin NFTs Back in Spotlight as Ordinals Cross 3.5M Inscriptions

2 years ago

METASMART TV: Your NFT Collection Using Your TV

2 years ago
Worldcoin Faces Regulatory Scrutiny as French Watchdog Conducts Checks

Worldcoin Faces Regulatory Scrutiny as French Watchdog Conducts Checks

2 years ago
Stablecoin Legislation Unlikely To Be Tacked To FAA Reauthorization, Democratic Aide Reveals

Stablecoin Legislation Unlikely To Be Tacked To FAA Reauthorization, Democratic Aide Reveals

1 year ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

$4B BTC in 4 weeks: How Bitcoin ETFs buy more than double the BTC mined

The PioneerHash Cloud Mining App, a Global Hit by 2025

Bitcoin hits $118.5k: All-time high could be next as rate-cut bets crush shorts

Crypto Exploits Plunge 22% — $127M Lost in September, Top Hacks Revealed

Bo Hines Sheds Light on GENIUS Stablecoin Project, Calls it “First Piece of the Puzzle”

Crypto Exchange Bullish Launches in 20 US States After Securing New York BitLicense

Trending

PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher
All news

PUMP Price Prediction: Key Indicator Just Flashed Green – PUMP is About to Explode Higher

02.10.2025
0

Pump.fun’s native token has jumped 32% in the past 7 days, and technical indicators now point to...

CME Group to Launch 24/7 Crypto Futures and Options Trading in Early 2026

CME Group to Launch 24/7 Crypto Futures and Options Trading in Early 2026

02.10.2025
From Bitcoin to DeFi 2.0, the Trends Driving Crypto’s Future: WisdomTree Analyst

From Bitcoin to DeFi 2.0, the Trends Driving Crypto’s Future: WisdomTree Analyst

02.10.2025
$4B BTC in 4 weeks: How Bitcoin ETFs buy more than double the BTC mined

$4B BTC in 4 weeks: How Bitcoin ETFs buy more than double the BTC mined

02.10.2025
The PioneerHash Cloud Mining App, a Global Hit by 2025

The PioneerHash Cloud Mining App, a Global Hit by 2025

02.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz