{"id":17166,"date":"2024-09-21T12:39:50","date_gmt":"2024-09-21T09:39:50","guid":{"rendered":"https:\/\/forklog.com\/en\/sec-grants-approval-for-bitcoin-etf-options-from-blackrock\/"},"modified":"2024-09-21T12:39:50","modified_gmt":"2024-09-21T09:39:50","slug":"sec-grants-approval-for-bitcoin-etf-options-from-blackrock","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/sec-grants-approval-for-bitcoin-etf-options-from-blackrock\/","title":{"rendered":"SEC Grants Approval for Bitcoin ETF Options from BlackRock"},"content":{"rendered":"<p>The U.S. Securities and Exchange Commission (SEC) has <a href=\"https:\/\/www.sec.gov\/files\/rules\/sro\/ise\/2024\/34-101128.pdf\">approved<\/a> the listing and trading of options on spot exchange-traded funds based on the leading cryptocurrency from BlackRock in an expedited manner.<\/p>\n<p>Bloomberg analyst Eric Balchunas speculated that options for products from other companies may soon be approved as well.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Important note: This is just one stage of approval, the OCC and CFTC has to approve as well before they officially list. The other two don\u2019t have a \u2018clock\u2019 so not sure when they\u2019ll be approved. A big step tho nonetheless that the SEC came around.<\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1837244454799089763?ref_src=twsrc%5Etfw\">September 20, 2024<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cA huge win for bitcoin ETFs as it will attract more liquidity, which in turn will bring in more major players,\u201d he stated.<\/cite><\/p><\/blockquote>\n<p>The expert emphasized that this is just one stage of approval. Further endorsements from the <span data-descr=\"Office of the Comptroller of the Currency within the U.S. Treasury\" class=\"old_tooltip\">OCC<\/span> and the <span data-descr=\"U.S. Commodity Futures Trading Commission\" class=\"old_tooltip\">CFTC<\/span> are required before official listing.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cMore than eight months after the launch of spot bitcoin ETFs, options trading has been approved. Better late than never,\u201d wrote The ETF Store President Nate Geraci.<\/cite><\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">8+ months after spot bitcoin ETFs launched\u2026<\/p>\n<p>Options trading has now been approved.<\/p>\n<p>Better late than never. <a href=\"https:\/\/t.co\/piS9NZmjVQ\">pic.twitter.com\/piS9NZmjVQ<\/a><\/p>\n<p>\u2014 Nate Geraci (@NateGeraci) <a href=\"https:\/\/twitter.com\/NateGeraci\/status\/1837239709077996012?ref_src=twsrc%5Etfw\">September 20, 2024<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Back in January 10, the SEC <a href=\"https:\/\/u1f987.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\">approved<\/a> all 11 applications for spot bitcoin ETFs.<\/p>\n<p>Read more about the impact of this instrument on the cryptocurrency market in ForkLog&#8217;s article:<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Securities and Exchange Commission (SEC) has approved the listing and trading of options on spot exchange-traded funds based on the leading cryptocurrency from BlackRock in an expedited manner. Bloomberg analyst Eric Balchunas speculated that options for products from other companies may soon be approved as well. Important note: This is just one stage [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17165,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[865,569,128],"class_list":["post-17166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blackrock","tag-etf","tag-sec"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17166"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17165"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}