Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Cryptocurrency-friendly lawmakers Nickel and Flood urge the SEC to approve spot Bitcoin ETF options.
ADOPTION NEWS

Cryptocurrency-friendly lawmakers Nickel and Flood urge the SEC to approve spot Bitcoin ETF options.

By Crypto FlexsMay 3, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cryptocurrency-friendly lawmakers Nickel and Flood urge the SEC to approve spot Bitcoin ETF options.
Share
Facebook Twitter LinkedIn Pinterest Email

Representatives Wiley Nickel (D-Neb.) and Mike Flood (R-Neb.) have recommended that the Securities and Exchange Commission approve the listing and trading of spot Bitcoin exchange-traded fund options amid delays.

In a letter to SEC Chairman Gary Gensler on Wednesday, the two lawmakers pointed to the SEC’s approval of a spot Bitcoin ETF so far in January. billions dollar. Axios We first reported the news on Wednesday.

“We urge the Commission to either approve spot Bitcoin ETP options without delay or provide an explanation of the differences in the Commission’s treatment between currently traded Bitcoin futures ETF options and spot Bitcoin ETP options. .” Written by Flood and Nickel. The two members of Congress, along with others, previously wrote a letter to Chairman Gensler in September urging him to approve a spot Bitcoin ETF.

Over the past few months, the SEC has delay Decide whether to allow listing and trading of spot Bitcoin ETF options. Several exchanges have since applied to allow options trading on the newly approved spot Bitcoin ETF, including Cboe Exchange, Inc., BOX Exchange LLC, MIAX International Securities Exchange LLC, Nasdaq ISE, LLC, and NYSE American LLC.

Is there a difference?

The SEC’s final approval of a spot Bitcoin ETF earlier this year came in part after three judges in the D.C. court ruled over the summer that the SEC should reexamine Grayscale’s bid for a spot Bitcoin ETF after the asset management company said: It was driven in part by the ruling. It sued the agency after its flagship GBTC fund conversion plan was rejected last year.

At the time, the judges said the SEC’s rejection of Grayscale’s spot Bitcoin ETF proposal was “arbitrary and capricious.” “Because the Commission failed to account for the different treatment of similar products.”

Representatives Nickel and Flood pointed to this ruling and said that the SEC’s delay in approving options for a spot Bitcoin ETF was a similar situation.

“It has been nearly two months since the NYSE filed to list Bitcoin spot ETF options,” they wrote. “For the Bitcoin futures ETF, the SEC allowed options to be listed and begin trading the very next day. Why is there a difference in the processing?”


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

British court freezes $7.6 million in Craig Wright assets

March 30, 2024

Zhao Dong’s conviction highlights China’s stance on cryptocurrency and foreign exchange regulation

December 29, 2023

Namada launches mainnet, introduces shielded cross-chain transactions

December 3, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.