Bitcoin ETF Options Expected in Q4 2024 as UBS Joins Morgan Stanley; CBOE Refiles with SEC

UBS is expected to follow Morgan Stanley in approving multiple Bitcoin ETFs, with a best-case scenario for approval in August and a worst-case in October, according to sources.

Analysts, including Bloomberg's James Seyffart, anticipate Bitcoin ETF options to become available in the fourth quarter of 2024. The CBOE has refiled a detailed application with the SEC, indicating potential engagement from the regulatory body.

The final decision by the SEC is expected by late September, but further steps from the OCC and CFTC are required. This development could attract significant interest from hedge funds and impact trading strategies. Relevant ETFs include $IBIT and $FBTC.

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