現貨比特幣 ETF 選擇權清除關鍵障礙，為機構採用鋪路

現貨比特幣 ETF 選擇權是傳統的金融工具，賦予持有者購買或出售加密 ETF 股票的權利，但沒有義務。

A major regulatory milestone was reached on November 16 when the Commodity Futures Trading Commission (CFTC) announced that it will no longer oversee the clearing process for Bitcoin ETF options, paving the way for the final step in the approval chain.

11 月 16 日，商品期貨交易委員會 (CFTC) 宣布將不再監督比特幣 ETF 選擇權的清算流程，這為審批鏈的最後一步鋪平了道路，這是一個重要的監管里程碑。

With this development, attention now turns to the Options Clearing Corporation, which must finalize the listing process for these ETF options.

隨著這一進展，注意力現在轉向期權清算公司，該公司必須完成這些 ETF 期權的上市流程。

According to a recent X post by ETF analyst Eric Balchunas:

根據 ETF 分析師 Eric Balchunas 最近發布的 X 帖子：

“Ball now in OCC’s court, and they are into it, so they’ll prob list very soon.”

“球現在在 OCC 的法庭上，他們很投入，所以他們很快就會上市。”

The CFTC’s statement on November 16 clarified that the Division of Clearing and Risk (DCR) no longer has oversight over the clearing of these options, and the Options Clearing Corporation is the sole entity mandated to clear and settle these ETF options.

CFTC 11 月 16 日的聲明澄清，清算和風險部 (DCR) 不再對這些選擇權的清算進行監督，選擇權清算公司是唯一有權清算和結算這些 ETF 選擇權的實體。

The SEC approved an application to list these options on the NYSE and CBOE, highlighting that the green light was granted because the SEC recently permitted the Nasdaq to list options on the iShares Bitcoin Trust (IBIT), which saw positive results.

美國證券交易委員會批准了在紐約證券交易所和芝加哥期權交易所上市這些期權的申請，並強調之所以獲得批准，是因為美國證券交易委員會最近允許納斯達克在iShares 比特幣信託（IBIT）上列出期權，並取得了積極的成果。

This recent announcement marks the second major regulatory hurdle cleared in the approval process for spot Bitcoin ETF options.

最近的這項公告標誌著現貨比特幣 ETF 選擇權審批過程中清除的第二個主要監管障礙。

Market analysts are viewing this as a significant step forward, with the potential listing of these options expected to pave the way for institutional investors to enter the crypto market en masse, helping to legitimize and expand the growing digital asset market.

市場分析師認為這是向前邁出的重要一步，這些選擇權的潛在上市預計將為機構投資者大規模進入加密貨幣市場鋪平道路，有助於使不斷增長的數位資產市場合法化並擴大規模。

According to Jeff Park, Head of Alpha Strategies at Bitwise Invest, Bitcoin ETF options could hit the market sooner than expected.

Bitwise Invest 阿爾法策略主管 Jeff Park 表示，比特幣 ETF 選擇權可能會比預期更早上市。

With the CFTC’s clearance and the Options Clearing Corporation (OCC) next in line, Park believes that “Bitcoin ETF options are coming sooner than you think.”

隨著美國商品期貨交易委員會 (CFTC) 和選擇權清算公司 (OCC) 的批准，Park 相信“比特幣 ETF 選擇權的到來比您想像的要早。”

While he expects the OCC to act “very quickly,” he noted that the end of 2024 is an “optimistic” target, and approval by year-end is not guaranteed.

雖然他預計 OCC 會「非常迅速」採取行動，但他指出 2024 年底是一個「樂觀」的目標，並且不能保證在年底前獲得批准。

Bitcoin commentator British Hodl told their 76,000 X followers, “Q1 is his estimated time for the option’s arrival.”

比特幣評論員英國 Hodl 告訴他們的 76,000 X 粉絲，“第一季是他預計期權到來的時間。”

Some have even begun speculating on the arrival of similar spot Ethereum ETF options.

有些人甚至開始猜測類似的以太坊 ETF 現貨選擇權的到來。

One user on X, going by the name Austin, asked, “Wonder how long ETH will follow? Can they not just resubmit since it was recently denied prior to Trump winning?”

X 上的一位名叫 Austin 的用戶問道：「想知道 ETH 會跟進多久？既然最近在川普獲勝之前被拒絕了，他們難道不能重新提交嗎？

Just recently, the Securities and Exchanges Commission stated that it will be delaying the approval of spot Ethereum ETF applications to allow for more public commentary and expert advice.

就在最近，美國證券交易委員會表示，將推遲批准現貨以太坊ETF申請，以聽取更多公眾評論和專家建議。

The commission highlighted that it needs to ensure that the transition aligns with current securities laws.

委員會強調，需要確保過渡符合現行證券法。