TechFlow news — On August 9, according to Cryptonews, the Chicago Board Options Exchange (CBOE) has withdrawn its initial application for spot Bitcoin ETF options and resubmitted a more comprehensive version. Bloomberg ETF analyst James Seyffart noted that changes to the spot Bitcoin ETF options application were certain. The new filing has expanded from the original 15 pages to 44 pages, elaborating in detail on position limits and concerns regarding market manipulation. This update likely indicates that the U.S. Securities and Exchange Commission (SEC) has provided feedback, prompting enhancements to the application.
In January this year, NYSE American, CBOE, and Nasdaq all submitted applications to launch options trading on spot Bitcoin ETFs. However, the SEC postponed its decision on CBOE’s application in March and similarly delayed its decision on NYSE American’s application in April. CBOE’s latest filing underscores the industry’s ongoing negotiations and adjustments during the wait for regulatory approval.
