Galaxy Digital has announced that although the U.S. Securities and Exchange Commission (SEC) has approved its plans to list and trade spot Bitcoin ETF options on Nasdaq, further regulatory approvals are required before trading can begin.

Two More Institutions Must Approve Bitcoin ETF Options

The U.S. Commodity Futures Trading Commission (CFTC) and the Office of the Comptroller of the Currency (OCC) have still not given the green light to the products, and no specific timeline has been set for when trading will begin.

The launch of spot Bitcoin ETF options is expected to come with strict conditions, including strict monitoring for market manipulation and defined position limits. Nasdaq ISE is reportedly working with other exchanges to integrate these requirements into their existing surveillance systems.

Galaxy highlighted the long-term benefits of spot Bitcoin ETF options, noting that they could help offset Bitcoin’s price volatility, boost investor confidence, and deepen market liquidity. Institutional interest in Bitcoin (BTC) continues to grow, highlighted by recent developments such as the launch of digital asset custody services by Bank of New York Mellon. These moves suggest that Bitcoin’s institutionalization is gaining momentum.

*This is not investment advice.