30s Summary

The US Commodity Futures Trading Commission (CFTC) has approved Bitcoin ETF options. The next step involves the Options Clearing Corporation (OCC) giving its approval, which is expected soon. Previously, the Securities and Exchange Commission (SEC) gave its approval for these options on Oct 18. It means Bitcoin ETF options could soon be available on the market.

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Looks like Bitcoin ETF options are getting ready to take off in the US! The Commodity Futures Trading Commission (CFTC) has just given the green light on these options. This means they could be hitting the market really soon.

What’s the next step? Clearly, that’s not up to the CFTC anymore. We’re now waiting on the Options Clearing Corporation (OCC). But word on the street is that the OCC is on board and will probably start listing Bitcoin ETF options in no time. That’s straight from the keyboard of Eric Balchunas, an expert on ETFs, who shared it in a post on Nov. 15.

James Seyffart, another ETF analyst, seems just as amped, posting “Here. We. Go”.

The CFTC made this announcement on Nov. 16, basically saying they’ve done their part and have no other role to play with regard to clearing these options.

Quick jargon buster here: clearing essentially means making sure the buyer and seller fulfill the conditions of a transaction. Spot Bitcoin ETF options will be taken care of by the OCC, which handles all equity options.

As Balchunas explains, getting approval from the Options Clearing Corporation is the second big step these options had to take. The first hurdle was getting the go-ahead from the Securities and Exchange Commission (SEC), and that happened on Oct. 18. The SEC approved applications from the New York Stock Exchange and the Chicago Board Options Exchange to list these much-anticipated options.

Stay tuned for more updates on this breaking story.