Grayscale CEO: Developing listed options market for spot Bitcoin ETF is important

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Cointime2024/02/05 13:32

By:Cointime

GrayScale CEO Michael Sonnenshein wrote on X platform: Looking ahead, I believe it is more important than ever for the cryptocurrency and ETF communities to advocate for the development of a strong options market for spot bitcoin ETFs. While GBTC has been on the public market since 2015, it has never been accompanied by options trading, as they are not a feature of the OTC market. The New York Stock Exchange (NYSE) and other national exchanges have recently submitted Form 19b-4 to modify listing standards to allow commodity-based ETF options trading, including spot bitcoin ETFs like GBTC."

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