The US Securities and Exchange Commission (SEC) has delayed its decision on the potential approval of options trading for Bitcoin exchange-traded funds (ETFs), which could have a significant impact on opening the doors to institutional investors in the cryptocurrency market.
Last March 6, the SEC announced it would extend the deadline to respond to proposals by Cboe Exchange and Miami International Securities Exchange to offer options on Bitcoin ETFs.
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In addition, the regulator also delayed its decision on Nasdaq's request to offer options on BlackRock's iShares Bitcoin Trust (IBIT), citing the need for more time to study the request.
The three exchanges filed their applications to offer options on Bitcoin ETFs on January 25, and the SEC had until March 10 to make its first decision.
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Under US securities law, the SEC has 45 days to make a decision or defer.