Galaxy: BlackRock's spot Bitcoin ETF options still need approval from the US CFTC and OCC, and the trading date is still undetermined

Odaily News Galaxy posted on the X platform that the U.S. Securities and Exchange Commission (SEC) has approved Nasdaq to list and trade spot Bitcoin ETF options, but it still needs to obtain approval from the U.S. CFTC (U.S. Commodity Futures Trading Commission) and OCC (U.S. Office of the Comptroller of the Currency). There is no definite timetable yet, so the exact start date of trading has not yet been determined. It is reported that there are certain restrictions on spot Bitcoin ETF option trading, such as strict monitoring of market manipulation and clear position limits. Nasdaq ISE plans to cooperate with other exchanges to integrate these requirements with existing monitoring systems. Galax added that in the long run, spot Bitcoin ETF options can stabilize Bitcoin's volatility, enhance investor confidence, and deepen market liquidity. Coupled with the digital asset custody service recently launched by Bank of New York Mellon, the institutionalization of Bitcoin is accelerating.