Galaxy: BlackRock spot Bitcoin ETF options still require approval from the US CFTC and OCC, with trading hours yet to be determined

Galaxy announced on the X platform that the US Securities and Exchange Commission (SEC) had previously approved the listing and trading of spot Bitcoin ETF options on NASDAQ, but still required approval from the US CFTC (Commodity Futures Trading Commission) and OCC (Office of the Superintendent of the Currency), and there is currently no definite timetable, so the exact start date of trading is still uncertain. It is reported that spot Bitcoin ETF option trading has certain restrictions, such as strict monitoring of market manipulation and clear position limits. Nasdaq ISE plans to cooperate with other exchanges to integrate these requirements with existing monitoring systems. Galax added that in the long run, spot Bitcoin ETF options can stabilize Bitcoin's volatility, enhance investor confidence, deepen market liquidity, and coupled with the recent launch of digital asset custody services by Bank of New York Mellon, the institutionalization of Bitcoin is accelerating.