The United States Commodity Futures Trading Commission (CFTC) has issued a notice that paves the way for spot Bitcoin exchange-traded fund (ETF) options. Analysts are now speculating that these products could be listed very soon.
ETF analyst Eric Balchunas wrote in a November 15th X post, “Ball now in OCC’s court, and they are into it, so they’ll prob list very soon.” ETF analyst James Seyffart added, “Here. We. Go.”
The CFTC’s November 16th statement announced the Division of Clearing and Risk’s (DCR’s) position that the CFTC no longer has any role in the clearing of these options. The statement clarified that these ETF options are cleared and settled by the Options Clearing Corporation as the sole issuer of all equity options.
Crypto executives are optimistic that this development could have a significant impact on Bitcoin’s price.
