30s Summary

The US Commodity Futures Trading Commission (CFTC) has allowed the establishment of a Bitcoin exchange-traded fund (ETF). The Options Clearing Corporation (OCC) plans to manage related operations like clearing, settling, and risk. It’s predicted US exchanges will soon list these crypto investments. Nasdaq also hinted at listing Bitcoin ETFs soon, possibly including options for the iShares Bitcoin Trust. Such moves indicate growing institutional interest in cryptocurrencies. The US Securities and Exchange Commission earlier approved Bitcoin and Ethereum ETFs.

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So, the US Commodity Futures Trading Commission (CFTC) just gave the green light for something called a spot Bitcoin exchange-traded fund, or for short, a Bitcoin ETF. Catching the signal, the Options Clearing Corporation (OCC) announced that it’s gearing up to launch these investment options.

In a recent update, the OCC mentioned that they’re getting set for managing stuff like clearing, settling, and risk for these Bitcoin ETFs. This happened right after the CFTC offered up some advice. According to Eric Balchunas, an ETF analyst, it seems like it’s a matter of time before US exchanges start listing these crypto investments.

Alison Hennessy, who oversees exchange-traded product listings at Nasdaq, hinted on the same day that they might start listing and trading Bitcoin ETF options pretty soon. She also mentioned options for the iShares Bitcoin Trust by BlackRock, which happens to be one of the most popular ETFs this year.

These moves suggest that we might soon see mega institutions embracing cryptocurrencies even more. Earlier this year, the US Securities and Exchange Commission had already given a thumbs-up to these Bitcoin ETFs, and also to Ethereum ones a few months later.

We’ll keep you posted as more details on this story unfold.