Next Catalyst? The US SEC Delays Bitcoin ETF Decision Until April

The U.S. Securities and Exchange Commission (SEC) announced this week that it will delay its review of allowing exchange-listed spot bitcoin ETF options until the end of April. The SEC pointed out in its filing that in order to fully consider the proposed rule change, the commission believes it is necessary to extend the review period. Against the backdrop of rapidly growing interest in cryptocurrency investments, especially after the iShares Bitcoin ETF (IBIT) asset management reached a record-breaking scale of over $10 billion, the market is closely watching this decision. Earlier this year, as the SEC approved 10 new spot bitcoin products, exchanges began applying to list bitcoin fund options. In a statement in January, CBOE said that while it is usually able to list options on a new product three days after it is listed on an exchange, for commodity products like bitcoin, it must obtain special permission from the SEC. Analysts believe that introducing bullish and bearish options on bitcoin ETFs can be an effective tool for investors to hedge against the inherent volatility of cryptocurrencies. This not only helps with price discovery, but also provides investors with more choices, making it easier to achieve desired investment outcomes in changing market conditions. At the same time, the SEC is also evaluating proposals for funds based on Ethereum. On Friday, Bitcoin breached the $70,000 mark for the first time during trading hours, but quickly fell back to around $68,000. Ethereum topped the $4,000 mark for the first time in two years. This article comes from Wall Street News, written by Ye Zhen. GMTEight editor: Zhang Jiwei.