SEC staarted skeptical on the crypto and blockchain. They made it really hard for the consumers in United States to use blockchain and exchanges. But since Pandemic the old management in the govt has been going softie on the technology adaption. And that means there are going to be some good things in tech adaption coming.
They recently also allowed and approved the Bitcoin ETF. And this year they may be going for the Ethereum based ETFs too. Which means more crypto and their respective funds are likely to enter into the market. And the regulation in the market means there is going to be strong case for the new changes in the trading and digital asset custody.
There seems to be a huge demand from the market coming out for the options trading. Be it for bitcoin or any other crypto. And the request was made by many asset management companies on allowing such trading.
So SEC has decided to open up for the public consultation on this matter. Let's talk about this and see how the opening feedback and consulation from public would go for the options trading on bitcoin ETF.
SEC has got first request on the permit for the options trading. And this means there would be channel opening up on how this should go. And how this can be regulated. So there would be public opinion for demand and then there would regulatory consultation channel for how the regulation should be there for this type of the options trading for this crypto asset.
You can find the document that has the information about the permit and the discussion on the options trading and it's regulation that is coming. This document would soon take input and there would be new requirements coming up on how the listings should be made and how the trading of assets should be done. So that update is definitely coming out in upcoming market documents as well.
Bitcoin already has a huge impact on the alt coin prices. And the altcoin trading has been going on pretty strong over the years only because of the bitcoin's name has been strong in the market. When the options trading market takes shape it would have an impact on variety of assets that are listed in it. So the same would apply in case of the bitcoin, it's speculations, it's impact on other coins andalso the assets would be worth noting.
Blackrock has already entered into the ETF market and they too speculate on accepting the options trading. They have their own opinion on how the options trading should be and how the regulations can proceed. So like this other asset management companies too would be taking it's own shape in the due process. Take a look at their request to the SEC in this document.
As crypto gets the acceptance, we are going to get the price movements. Because there would be more such events and there would be bullish markets on the top cryptos like ethereum, bitcoin and few others. This also means many altcoins would be ignored but the blockchain projects would continue to get the attention of the consumers in the due process.
Expect the movement of the bitcoin and other cryptos while the options trading news keeps the market moving. Once that approval comes in. Next would be the CBDC in the USA that would keep the market moving for another year. Let's hope that once the crypto becomes norm, we don't lose out on portfolio. But for that a long long time to pass.
SEC's actions towards the consultation and the feedback channels mean that there would be soon ETFs coming out and options trading becomes reality for crypto. Let's see how that would impact the market.
