On September 28, Galaxy disclosed that the U.S. Securities and Exchange Commission (SEC) had granted Nasdaq approval to list and trade spot Bitcoin ETF options. However, the process still awaits permission from the U.S. Commodity Futures Trading Commission (CFTC) and the U.S. Office of the Comptroller of the Currency (OCC). There is no definitive timeline for this, leaving the exact trading start date uncertain. These spot Bitcoin ETF options will be subject to stringent market manipulation monitoring and clear position limits. Nasdaq ISE intends to collaborate with other exchanges to integrate these standards with their current surveillance systems. Galaxy emphasized that, in the long term, spot Bitcoin ETF options have the potential to stabilize Bitcoin’s volatility, boost investor confidence, and enhance market liquidity. This move, along with the digital asset custody service recently introduced by Bank of New York Mellon, signifies a rapid institutionalization of Bitcoin.
Source: https://en.coinotag.com/breakingnews/nasdaq-to-list-spot-bitcoin-etf-options-pending-cftc-and-occ-approval-says-galaxy/