Orhan 
The highly anticipated spot Bitcoin ETF options have reached a new phase in the crypto world. The U.S. Commodity Futures Trading Commission (CFTC) has clarified that there are no obstacles to listing these products, accelerating the process. Analysts predict that this development could have a significant impact on Bitcoin prices.
CFTC Clears the Path for Spot Bitcoin ETF Options
On November 15, ETF analyst Eric Balchunas announced on social media platform X (formerly Twitter) that the CFTC has paved the way for spot Bitcoin ETF options. According to the CFTC’s announcement on November 16, the listing and clearing of these options will now be handled entirely by the Options Clearing Corporation (OCC).
Balchunas stated, “The ball is now in OCC’s court, they will likely list soon.” This statement has generated significant anticipation among industry players.
What Does This Mean for Bitcoin Prices?
Nick Forster, founder of Derive, highlighted that these options could have a substantial impact on Bitcoin prices. Drawing parallels to SoftBank’s use of options to influence the Nasdaq in 2020-2021, Forster suggested that a similar strategy applied to Bitcoin, a fixed-supply asset, could lead to more dramatic price movements.
“Forster added, “If someone tries a strategy like that on Bitcoin, be ready for significant price swings.”
Timeline for the Listing
ETF analyst James Seyffart and Jeff Park, Head of Alpha Strategies at Bitwise Investments, pointed out that spot Bitcoin ETF options may be listed sooner than expected. Park, anticipating quick action from the OCC, suggested that while approval by the end of 2024 might be an optimistic forecast, he sees a high likelihood of these products hitting the market in the first quarter of 2024.
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