The SEC has delayed its decision on whether to approve options trading on Bitcoin ETFs, granting itself an additional 45 days to review proposals from Cboe Exchange, Miami International Securities Exchange, and Nasdaq. The agency cited the need for "sufficient time" to consider and review the proposals, with the new deadline set for April 24. If approved, options trading on spot Bitcoin ETFs could open the door for increased institutional capital inflows into the Bitcoin market, contributing to a more robust and healthy market ecosystem.

According to several industry insiders, the new US bitcoin ETF's options product may take several months to obtain regulatory approval, which could weaken the attractiveness of its underlying product. (Reuters)