Nasdaq withdraws application to list spot Bitcoin and Ethereum ETF options
Nasdaq has withdrawn two applications to list and trade options on spot bitcoin and ethereum spot ETFs, according to Securities Exchange Commission (SEC) website filings. At the same time, the NYSE also withdrew applications to list and trade options on Bitwise and grey release spot bitcoin ETFs on the same day.
James Seyffart, an analyst at Bloomberg, said he expected Nasdaq and NYSE to resubmit their applications to list options on spot bitcoin ETFs in the coming days or weeks, following news that other exchanges withdrew similar applications last week. MIAX, MIAX Pearl and BOX Exchange withdrew their proposals to list options on spot bitcoin ETFs, and the Chicago Board Options Exchange also withdrew its application to list options on spot bitcoin ETFs, but later resubmitted its application. The SEC has not yet approved the trading of options products based on spot bitcoin and spot ethereum ETFs.