Grayscale submits a comment letter to the SEC, urging approval for options products based on spot Bitcoin ETFs

Grayscale has submitted a comment letter to the SEC in support of NYSE's proposal to approve the listing and trading of options products based on spot Bitcoin ETFs. Grayscale stated that if investors can accept investment in derivative product stock options, then they should also be able to invest in product stock options holding the asset itself. Grayscale said: "The committee should update this outdated approach, approve ETP options based on spot commodities with structures identical to approved ETPs, and allow national securities exchanges to update their rules for listing and trading such options."