TechFlow news, according to Reuters, multiple industry sources say that options on new U.S. spot bitcoin ETFs could take months to gain regulatory approval, which might diminish the appeal of their underlying products.
Insiders indicated that since regulators classify bitcoin as a commodity, options on spot bitcoin ETFs may also require approval from the Commodity Futures Trading Commission (CFTC), the agency overseeing commodity derivatives.
"This dual regulatory involvement adds complexity and potential risk—some might call it regulatory overhang—and approval is expected to take anywhere from two to ten months," said Martin Leinweber, digital asset product strategist at MarketVector Indexes.
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