In their letter, Mike Flood and Wiley Nickel write that the launch of such options is critical for investors, and the SEC's duty is to protect investors' interests.
“We urge you to expeditiously approve options on spot Bitcoin investment products, or provide an explanation of the difference in the Commission's approach to options on currently traded Bitcoin futures ETFs and options on spot Bitcoin ETFs,” the document states. .
It is worth noting that several American stock exchanges, including Cboe, BOX, MIAX, Nasdaq ISE and NYSE American, have filed applications with the SEC to launch options on spot cryptocurrency ETFs. However, so far the regulator has not taken any action on these applications – public comments are being collected regarding the launch of such products.
In early April, it was reported that the total trading volume of spot Bitcoin ETFs in the United States exceeded $200 billion.
Source: Bits
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