Three Exchanges Withdraw Their Bitcoin ETF Options Applications, But Does It Matter?

According to Bloomberg ETF analyst James Seyffart, options features are likely to be added to spot Bitcoin ETFs in the US in the Q4.

Highlighting the latest developments in Bitcoin options applications, senior ETF analyst at Bloomberg Eric Balchunas commented on the matter. He stated that the comments from the SEC were a good sign in the ETF approval odds and the latest update seems like a good sign in this case too.

According to Bloomberg ETF analyst James Seyffart, options features are likely to be added to spot Bitcoin ETFs in the United States in Q4.

The offering could start as early as Q3, considering the final deadline for a decision from the US Securities and Exchange Commission (SEC) is around September 21. Seyffart also noted that the inclusion must be approved by the Office of the Comptroller of the Currency (OCC) and the Commodity Futures Trading Commission (CFTC).

The Bloomberg analyst listed 20 ETFs related to BTC and ETH that already have options, including leveraged products.

Options For Ethereum ETFs

On Aug. 7, Nasdaq and BlackRock filed to add options to the asset manager’s spot Ethereum ETF iShares Ethereum Trust (ETHA). The SEC has 21 days to provide comments on the matter, although the final deadline is likely to be around April 9, 2025, according to Seyffart.

In the filing, Nasdaq mentioned other commodity ETFs with listed options in its platform, such as BlackRock’s iShares COMEX Gold Trust and the iShares Silver Trust.

On Aug. 9, ETF Store president Nate Geraci pointed out that options were already available on some crypto derivatives ETPs, so it made sense to offer them on spot ETFs.