{"id":28472,"date":"2025-05-25T10:01:33","date_gmt":"2025-05-25T10:01:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=28472"},"modified":"2025-05-25T10:01:33","modified_gmt":"2025-05-25T10:01:33","slug":"vaneck-exec-slams-sec-for-delay-on-bitcoin-etf-options-details","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=28472","title":{"rendered":"VanEck Exec Slams SEC For Delay On Bitcoin ETF Options \u2013 Details"},"content":{"rendered":"
\n

Matthew Sigel, the head of digital assets research at VanEck, has criticized the US Securities and Exchange Commission (SEC) over a delayed response on a proposal to list options trading on the firm\u2019s Bitcoin Spot ETF.\u00a0<\/p>\n

Notably, the Commission has continued to issue delayed responses to all recent digital asset-related ETF proposals\/amendments despite a crypto-friendly policy of the Donald Trump Administration.\n<\/p>\n

SEC Delay Is Frustrating, Offers No Feedback, VanEck\u2019s Sigel Says<\/strong><\/h2>\n

On April 3, 2025, the Chicago Board of Exchange (Cboe) filed<\/a> a proposed rule change to list options trading on the VanEck Bitcoin ETF (HODL). For context, options trading grants investors the right to buy and sell an asset at a specific price before a certain date. <\/p>\n

Following the resounding success of the US Bitcoin Spot ETFs, options trading became a potential mode of market expansion, with several asset managers submitting applications to offer options to their respective ETFs.\u00a0<\/p>\n

Notably, the SEC has granted approval<\/a> for this request for multiple Bitcoin ETFs, including the Fidelity Wise Origin Bitcoin Fund (FBTC), BlackRock iShares Bitcoin Trust (IBIT), Grayscale Bitcoin Mini Trust (BTC), and the Bitwise Bitcoin ETF (BITB), among others.\u00a0<\/p>\n

However, following the initial 45-day review, the Commission has delayed a response on Cboe\u2019s proposal to list trading options on the VanEck Bitcoin ETF (HODL).\u00a0In an X post<\/a> on May 23, Matthew Sigel strongly criticized this decision, which he described as \u201cfrustrating\u201d and offered no transparency to investors.\u00a0<\/p>\n

While tagging Hester Pierce, the Head of the SEC\u2019s Crypto Task Force, Sigel complained that the Commission had issued a delayed response while offering no comments or feedback along with this decision.\u00a0The VanEck Exec explained the asset manager\u2019s objection to this development while responding<\/a> to a user comment. He said.\u00a0<\/p>\n

\n

This was the first decision date, so it has not been rejected, just delayed, even though the SEC\u2019s initial comments were addressed. It\u2019s the lack of any feedback that is particularly irksome\u2026<\/p>\n<\/blockquote>\n

It is highly worth noting that delayed responses by the SEC have been quite a common response for digital assets ETF-related proposals. The Commission can choose to wait till the final decision deadline, i.e., 240 days after the application, as seen with the Bitcoin Spot ETFs in 2024.\u00a0 However, Sigel\u2019s concerns stem from an absence of an explanation on this delayed ruling, especially considering that options trading has been approved for certain other Bitcoin Spot ETFs.\n<\/p>\n

Bitcoin Price Overview\u00a0<\/strong><\/h2>\n

At the time of writing, Bitcoin trades at $108,349, reflecting gains of 5.23% and 17.71% in the past seven and 30 days, respectively.\u00a0<\/p>\n

\"VanEck\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Matthew Sigel, the head of digital assets research at VanEck, has criticized the US Securities and Exchange Commission (SEC) over a delayed response on a proposal to list options trading on the firm\u2019s Bitcoin Spot ETF.\u00a0 Notably, the Commission has continued to issue delayed responses to all recent digital asset-related ETF proposals\/amendments despite a crypto-friendly […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-28472","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28472"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28472\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}