Cboe files updated applications to list Bitcoin and Ethereum options in the US.
Cboe Exchange, a US securities exchange, filed an updated filing with regulators to list options on Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs), on August 28, 2010, on Bitcoin and Ether options, respectively. .
According to the documents, the exchange intends to list options issued by asset managers linked to ETH and BTC ETFs; These include Fidelity, 21Shares, Invesco, VanEck, Grayscale, Bitwise, BlackRock's iShares and Valkyrie.
The proposed rule change would group cryptocurrency ETFs with commodity-based ETFs such as the Goldman Sachs Physical Gold ETF and the iShare Silver Trust.[s]Equities deemed appropriate for options trading” according to the exhibits included in the BTC and ETH options registries.
Related: Expect Bitcoin ETF Options to Launch Before 2025
The news is the latest in activity around options surrounding cryptocurrencies in the US. In the year On August 27, Nasdaq, another US securities exchange, announced plans to list Bitcoin options tied to the CME CF Bitcoin Real-Time Index (BRTI), a spot price benchmark for BTC.
In August, the New York Stock Exchange (NYSE) of America and the Nasdaq International Securities Exchange (ISE) issued four applications to the Securities and Exchange Commission (SEC) related to the listing of BTC options. In the year On August 8, Cboe released the first application to list options on BTC ETFs.
Options on crypto derivatives ETFs are already trading. Source: Bloomberg Intelligence
“There is definitely some movement in Bitcoin ETF options,” Bloomberg Intelligence analyst James Seifert wrote in an August 8 article on X.
Bloomberg predicts that BTC options will continue to rise in the fourth quarter.
Options are contracts that give the right to buy or sell – “call” or “put in trader's parlance” – an asset based on a certain price. They are commonly used as defensive tools and are also popular in speculations.
Cryptocurrency derivatives on regulated exchanges are gaining popularity in the US. At market close on Aug. 9, open options interest on BTC futures ETFs exceeded $3.25 billion, according to data from Opting Kling Corporation, an industry self-regulatory organization (SRO).
Exchanges also intend to list Solana (SOL) ETFs. Solana's exchange-traded fund (ETF) plans are “still in play,” despite the withdrawal of Cboe Global Markets' regulatory application to list the fund, asset manager Van Eyck said. Research of digital assets.
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