Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Grayscale lobbies the U.S. SEC to approve options products based on spot Bitcoin ETFs

Grayscale lobbies the U.S. SEC to approve options products based on spot Bitcoin ETFs

CointimeCointime2024/02/29 15:52
By:Cointime

Cryptocurrency asset management company Grayscale Investments has written to the US SEC to lobby for the approval of options products based on spot bitcoin ETFs. Grayscale CEO Michael Sonnenshein wrote in the letter to the SEC that the regulator's rejection of options for its Grayscale Bitcoin Trust (GBTC.P) unfairly discriminates against its shareholders and pointed out that regulatory authorities have previously approved options related to bitcoin futures ETFs. Sonnenshein stated that options would facilitate price discovery for new ETF shares, which would help investors navigate market conditions, hedge, and generate income. In addition, options would "further bring bitcoin into regulatory purview by allowing more regulated market participants" such as contract traders and broker-dealer firms to trade the product.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Trump Backs Crypto at Summit with Bold Plans

Trump reveals crypto reserve strategy, stablecoin regulation, and U.S. leadership goals at crypto summit.Clear Rules Ahead: Stablecoin Regulation FrameworkMaking the U.S. the Global Crypto Capital

Coinomedia2025/03/21 08:11
Trump Backs Crypto at Summit with Bold Plans

Bitnomial Launches First XRP Futures Contracts in US

Bitnomial introduces the first CFTC-approved XRP futures in the US, offering physically settled contracts to crypto traders.What This Means for Crypto TradersGrowing Regulatory Confidence in XRP

Coinomedia2025/03/21 08:11
Bitnomial Launches First XRP Futures Contracts in US

TRX Tokens Now Live on Solana Blockchain

TRX officially launches on Solana, offering faster, cheaper transactions for users and new opportunities for cross-chain DeFi.TRX Launches on Solana NetworkWhat This Means for TRX UsersThe Future of Cross-Chain TRX Usage

Coinomedia2025/03/21 08:11
TRX Tokens Now Live on Solana Blockchain

Canary files for PENGU ETF

Cointelegraph2025/03/21 07:38