The US Securities and Exchange Commission (SEC) has postponed its decision to approve Spot Bitcoin ETF options, and this approval will open the way for institutional investors to easily invest in Bitcoin.
On March 6 according to filings, the Cboe Exchange and the Miami International Stock Exchange filed a complaint with the SEC regarding the proposed trading of spot Bitcoin ETF options, which the SEC has now approved, and decided to postpone consideration of said application.
In addition, the SEC also delayed approval of Nasdaq's proposal to offer Spot Bitcoin ETF options in BlackRock's iShares Bitcoin Trus fund. The Securities and Exchange Commission explained that this postponement of approval was to ensure the existence of… “There is enough time to consider it.” Nasdaq asks carefully
According to legal principles, the SEC has the right to postpone the approval decision for a maximum of 90 days, and the SEC stated that the deadline for consideration is April 24, if counted from that date, and January 25, which is the first day the matter was filed with the SEC. Finance and stock exchanges.
Origin: Cointelegraph
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