美国证券交易委员会暂停纽约证券交易所比特币 ETF 期权交易的决定，引发行业不确定性

美国证券交易委员会 (SEC) 将对纽约证券交易所现货比特币 ETF 期权交易的决定推迟到 5 月 29 日，以彻底审查拟议的规则变更。这一扩展影响了 Bitwise 比特币 ETF (BITB) 和灰度比特币信托 (GBTC) 等比特币交易期权平台，这些平台提供杠杆和投机等复杂的交易策略。

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

美国证券交易委员会 (SEC) 推迟对纽约证券交易所现货比特币 ETF 期权交易做出决定，引发行业质疑

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.

华盛顿特区 - 美国证券交易委员会 (SEC) 推迟了是否批准纽约证券交易所 (NYSE) 提供现货比特币交易所交易基金 (ETF) 期权交易的决定。原定于 4 月 8 日做出的决定已延长至 5 月 29 日，这让业界悬而未决，并引发了对比特币衍生品交易未来的担忧。

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.

美国证券交易委员会的推迟源于需要进一步审议纽约证券交易所提交的拟议规则变更。该机构表示，需要更多时间来评估与现货比特币 ETF 期权交易相关的潜在风险和收益。

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.

期权交易使交易者能够根据对未来比特币价格走势的预期，采取复杂的策略，例如杠杆和投机。通过购买看涨期权，交易者可以推测潜在的价格上涨，而看跌期权则可以推测潜在的价格下跌。这种扩大的交易机会受到了业内许多人的欢迎，包括灰度首席执行官 Michael Sonnenshein，他大力倡导现货比特币 ETF 的期权交易。

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.

美国证券交易委员会延迟做出决定引发了人们对比特币衍生品交易监管环境的质疑。商品期货交易委员会（CFTC）已批准比特币期货 ETF 并在纽约证券交易所上市，但期权交易 ETF 的问题仍未得到解答。

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.

行业专家对 SEC 推迟的潜在影响存在分歧。一些人认为，这表明该机构一直不愿批准任何形式的比特币 ETF，而另一些人则对 SEC 最终将批准期权交易持乐观态度。

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.

此次推迟也给 Bitwise 比特币 ETF (BITB) 和灰度比特币信托 (GBTC) 等流行的比特币投资工具的前景蒙上了阴影。这些平台引起了寻求投资比特币而无需直接持有基础资产的投资者的浓厚兴趣。期权交易的不确定性可能会抑制投资者的情绪，并可能影响这些平台的流动性。

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.

美国证券交易委员会对纽约证券交易所比特币ETF现货期权交易的决定受到加密货币行业的热切期待。它将对比特币衍生品交易的增长和发展以及比特币的整体投资格局产生深远的影响。决定期限的延长造成了一段时期的不确定性，但业界仍然希望 SEC 最终为这一创新交易机制开绿灯。