TechFlow reported that Nasdaq ISE has withdrawn two proposals related to listing and trading options on spot bitcoin and ether ETFs. According to documents on the U.S. Securities and Exchange Commission (SEC) website, both proposals were withdrawn on August 13. The bitcoin ETF proposal was scheduled for publication in the Federal Register on August 12 to solicit public comments, but no comments were received.
Recently, other exchanges including MIAX, MIAX Pearl, and BOX Exchange have also withdrawn similar proposals.
Although Cboe withdrew its application last week, it subsequently resubmitted it—possibly indicating SEC engagement in the process. Notably, the SEC has not yet approved options trading products for spot bitcoin and ether ETFs.
Bloomberg Intelligence analyst James Seyffart expects Nasdaq and the New York Stock Exchange to refile their proposals for listing and trading spot bitcoin ETF options in the near term.
