The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on spot Bitcoin ETF options, as stated in a recent filing. The SEC is seeking public comments on the matter, with a 21-day window for initial comments and 35 days for rebuttals.

The SEC is questioning whether options on spot Bitcoin ETFs should be governed by the same rules as stocks, particularly in terms of position limits. Several exchanges, including Cboe Exchange, Inc., BOX Exchange LLC, MIAX International Securities Exchange LLC, Nasdaq ISE, LLC, and NYSE American LLC, have applied to introduce options trading on newly approved spot Bitcoin ETFs.

Previously, the SEC also postponed the consideration of Grayscale and Bitwise applications for Bitcoin options ETFs. The regulator has extended the deadline for approval or delay until May 29.

Grayscale CEO Michael Sonnenshein has emphasized the importance of launching an options market for spot Bitcoin ETFs. He believes that such a product would benefit both retail and institutional investors. Sonnenshein acknowledges that gaining SEC approval for this investment product is a challenging process, similar to the complexities involved in launching cryptocurrency ETFs.

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