An options feature, amidst the surge in interest for Spot Bitcoin ETFs is expected to launch in the second half 2024. Bloomberg analyst James Seyffart Recently, it was reported that this product could launch as early as Q4 and that there is a possibility that they will even arrive earlier.
Seyffart told reporters that the deadline by which a final decision would be made was the US Securities and Exchange Commission (SEC) It is on September 21st. But the feature might arrive in September. The process, he said, could result in options being available for Q3 from the largest ETF issuers.
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Bitcoin ETFs to Launch as Soon as September
Bitcoin is the currency of 2024. Its popularity has grown throughout the year. The issue has been a major political focus, and has proven to be an important battleground leading up to the November elections. US presidential election.
This year, the launch of its Exchange-Traded Fund has played a major role in its rapid growth. In fact, the cryptocurrency could soon be taking another big step. Bloomberg analyst predicts that Bitcoin ETFs will be available in the second part of this year.
“We think the Bitcoin ETF options happen in 4th quarter this year,” James Seyffart, a Bloomberg reporter. The SEC has set a deadline of September 21st but more would need to be done. He reported that both OCC and CFTC would have to take action.
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Seyffart pointed out that Q4 was rumored. it could happen earlier. “There’s nothing stopping things from moving even faster than that,” Regarding the deadline of September 21, he did not mention it. He did mention that this process typically takes longer.
Spot Ethereum ETFs may also be available. This week, Nasdaq launched a new ETF for Spot Ethereum. BlackRock Adding options to your ETH Fund is easy. This deadline, however, is still a long way off. Reports suggest that if an approval was granted, the date would be April 2025.
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Source: watcher.guru
