Grayscale lobbies the U.S. SEC to approve options products based on spot Bitcoin ETFs
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.
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.
You may also like
BRICS News: Russia Launches Gold Digital Asset Pilot—A Shift in Global Payments?

XRP News: XRPL Enhances Onchain Finance with Permissioned Domains

Ethereum Whales Face Bear Market Profit Levels
ETH whales see unrealized profits drop to bear market levels as ETH/BTC declines and sentiment weakens.ETH/BTC Ratio Continues to DeclineWeak Sentiment and Market Outlook

Floki Inu Made Millionaires Overnight—BTFD Coin’s 3650% ROI Potential Could Be Your Shot at the Next Big Win
Meme coins have been on a wild ride, turning small investments into life-changing profits for those who got in earlyBTFD Coin’s Play-to-Earn Game Is Fueling the Next Big Crypto SurgeFloki Inu Proved Meme Coins Can ExplodeThe Bottom Line

Trending news
MoreCrypto prices
More








