SEC Might Approve Bitcoin ETF Options Next Month, Analyst Says

According to Bloomberg’s stock analyst James Seyffart, options trading may soon be allowed for spot Bitcoin ETFs in the US by the Securities and Exchange Commission (SEC) in the second half of February.

Seyffart noted that the SEC has already accepted applications for Form 19b-4, which allows for options trading for spot Bitcoin ETFs.

He believes that the SEC is moving much faster than usual and that options may be approved before the end of February if the SEC wants to expedite the process.

However, Seyffart also mentioned that the approval of these instruments may not occur until September 21, 2024. This is the latest possible date based on the timeline for previous approvals.

The SEC recently approved all 11 applications for spot Bitcoin ETFs on January 11, with the total trading volume in the first four days exceeding $11 billion.

While there has been speculation in the crypto community about the possibility of exchange-traded funds based on the spot price of Ethereum, analysts have expressed doubts about their approval in the near future.