Key Takeaways
- The NYSE withdrew its proposal to list options on Bitcoin ETFs.
- The SEC extended its review of the proposal but did not reach a final decision.
- The CBOE has since re-filed a more detailed application for Bitcoin ETF options.
The New York Stock Exchange (NYSE) has withdrawn its proposal to list and trade options linked to Bitcoin ETFs, including those from Bitwise and the Grayscale Bitcoin Trust, according to an SEC filing.
The Securities and Exchange Commission (SEC) had delayed its review of the application multiple times since February 2024, but no final decision was reached before the withdrawal.
Similarly, the CBOE withdrew its own application but has since resubmitted a more comprehensive proposal, according to Bloomberg’s James Seyffart.
The SEC has not publicly commented on either withdrawal or re-filing efforts.
In May 2024, the NYSE had announced a plan to list index options tracking Bitcoin prices, using the CoinDesk Bitcoin Price Index as a benchmark. However, the current regulatory stance has led to delays and resubmissions by major exchanges.
