SEC defers decision on Bitwise, Grayscale Bitcoin ETF options

The April 8 delay decision impacts proposed options trading on spot Bitcoin ETFs on the New York Stock Exchange, namely those from Bitwise and Grayscale.

The United States securities regulator has delayed its decision on whether to allow the New York Stock Exchange to offer options trading on spot Bitcoin (BTC) ETFs.  

According to the April 8 filing, the Securities and Exchange Commission’s pushback will impact options trading on the Bitwise Bitcoin ETF (BITB), the Grayscale Bitcoin Trust (GBTC) and any other trust that holds Bitcoin on the NYSE.

“The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change,” the securities regulator said.

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