美國證券交易委員會暫停紐約證券交易所比特幣 ETF 選擇權交易的決定，引發產業不確定性

美國證券交易委員會 (SEC) 將對紐約證券交易所現貨比特幣 ETF 選擇權交易的決定推遲到 5 月 29 日，以徹底審查擬議的規則變更。這項擴充影響了 Bitwise 比特幣 ETF (BITB) 和灰階比特幣信託 (GBTC) 等比特幣交易選擇權平台，這些平台提供槓桿和投機等複雜的交易策略。

SEC Postpones Decision on NYSE's Spot Bitcoin ETF Options Trading, Raising Questions for Industry

美國證券交易委員會 (SEC) 推遲對紐約證券交易所現貨比特幣 ETF 選擇權交易做出決定，引發產業質疑

Washington, D.C. - The United States Securities and Exchange Commission (SEC) has postponed its decision on whether to approve the New York Stock Exchange's (NYSE) application to offer options trading on spot Bitcoin exchange-traded funds (ETFs). The decision, originally scheduled for April 8, has been extended to May 29, leaving the industry in suspense and raising concerns about the future of Bitcoin derivatives trading.

華盛頓特區 - 美國證券交易委員會 (SEC) 推遲了是否批准紐約證券交易所 (NYSE) 提供現貨比特幣交易所交易基金 (ETF) 期權交易的決定。原定於 4 月 8 日做出的決定已延長至 5 月 29 日，這讓業界懸而未決，並引發了對比特幣衍生性商品交易未來的擔憂。

The SEC's postponement stems from the need for further deliberation on the proposed rule change submitted by the NYSE. The agency has stated that it requires additional time to assess the potential risks and benefits associated with options trading on spot Bitcoin ETFs.

美國證券交易委員會的延遲源於需要進一步審議紐約證券交易所提交的擬議規則變更。該機構表示，需要更多時間來評估與現貨比特幣 ETF 選擇權交易相關的潛在風險和收益。

Options trading offers traders the ability to engage in sophisticated strategies, such as leveraging and speculation, based on their expectations of future Bitcoin price movements. By purchasing call options, traders can speculate on a potential price increase, while put options allow for speculation on a potential price decrease. This expanded range of trading opportunities has been welcomed by many in the industry, including Grayscale CEO Michael Sonnenshein, who has strongly advocated for options trading on spot Bitcoin ETFs.

選擇權交易使交易者能夠根據對未來比特幣價格走勢的預期，採取複雜的策略，例如槓桿和投機。透過購買看漲期權，交易者可以推測潛在的價格上漲，而看跌期權則可以推測潛在的價格下跌。這種擴大的交易機會受到了業內許多人的歡迎，包括灰階執行長 Michael Sonnenshein，他大力倡導現貨比特幣 ETF 的選擇權交易。

The delay in the SEC's decision has raised questions about the regulatory landscape for Bitcoin derivatives trading. The Commodity Futures Trading Commission (CFTC) has already approved and listed Bitcoin futures ETFs on the NYSE, but the question of options-trading ETFs remains unanswered.

美國證券交易委員會延遲做出決定引發了人們對比特幣衍生性商品交易監管環境的質疑。商品期貨交易委員會（CFTC）已批准比特幣期貨 ETF 並在紐約證券交易所上市，但選擇權交易 ETF 的問題仍未得到解答。

Industry experts are divided on the potential impact of the SEC's postponement. Some argue that it signals the agency's ongoing reluctance to approve any form of Bitcoin ETF, while others remain optimistic that the SEC will eventually greenlight options trading.

行業專家對 SEC 推遲的潛在影響存在分歧。有些人認為，這表明該機構一直不願批准任何形式的比特幣 ETF，而另一些人則對 SEC 最終將批准選擇權交易持樂觀態度。

The postponement has also cast a shadow over the prospects of popular Bitcoin investment vehicles such as the Bitwise Bitcoin ETF (BITB) and the Grayscale Bitcoin Trust (GBTC). These platforms have seen significant interest from investors seeking exposure to Bitcoin without the need to hold the underlying asset directly. The uncertainty surrounding options trading could dampen investor sentiment and potentially impact the liquidity of these platforms.

這次延遲也為 Bitwise 比特幣 ETF (BITB) 和灰階比特幣信託 (GBTC) 等流行的比特幣投資工具的前景蒙上了陰影。這些平台引起了尋求投資比特幣而無需直接持有基礎資產的投資者的濃厚興趣。期權交易的不確定性可能會抑制投資者的情緒，並可能影響這些平台的流動性。

The SEC's decision on NYSE's spot Bitcoin ETF options trading is eagerly anticipated by the cryptocurrency industry. It will have far-reaching implications for the growth and development of Bitcoin derivatives trading, as well as the overall investment landscape for Bitcoin. The extension of the decision deadline has created a period of uncertainty, but the industry remains hopeful that the SEC will ultimately give the green light to this innovative trading mechanism.

美國證券交易委員會對紐約證券交易所比特幣ETF現貨選擇權交易的決定受到加密貨幣產業的熱切期待。它將對比特幣衍生性商品交易的成長和發展以及比特幣的整體投資格局產生深遠的影響。決定期限的延長造成了一段時期的不確定性，但業界仍希望 SEC 最終為這項創新交易機制開綠燈。