Grayscale submits comment letter to SEC calling for approval of options products based on spot Bitcoin ETF

Grayscale has submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) in support of NYSE's proposal to approve options products based on bitcoin ETFs for listing and trading. Grayscale believes that if investors can accept stock options products based on investment holdings of derivative assets, then stock options products based on investment holdings of the assets themselves should also be accepted. Grayscale stated, "The committee should update this outdated approach to approve ETP options based on spot commodities, which have the same structure as approved ETPs, and allow national securities exchanges to update their rules to allow for the listing and trading of such options."