SEC Delays Spot Bitcoin ETF Decision Until 2024, Frustrating Industry

• The SEC has delayed a decision on allowing spot Bitcoin ETF options to trade on the NYSE until May 2024.

• The SEC previously approved Bitcoin futures ETFs but has not yet approved spot Bitcoin or Ethereum ETFs.

• The delays are frustrating to some as they damage the SEC's reputation and credibility.

• Grayscale argues if options on Bitcoin futures ETFs are allowed, so should options on spot Bitcoin ETFs.

• Professor James Angel criticized the delays, stating the SEC seems to be "searching for another fig-leaf of an excuse to reject this."