The US Securities and Exchange Commission (SEC) delayed its response to three exchanges that filed for options trading with Bitcoin spot ETFs. The institution did not respond positively or negatively to the request of the Cboe Exchange and the Miami International Securities Exchange. The institution also delayed the Nasdaq Stock Market’s application to open BlackRock’s IBIT ETF to options trading.

In the SEC’s decision to be made on 24 April, there is no right to delay. In other words, the decision to be made here will be the final response to the request of the exchanges.

All three exchanges filed an application to the SEC on 25 January. The SEC had the right to respond until 10 March, but the institution gave a delayed response 3 days in advance.

Option transactions are known for allowing two-way and leveraged transactions in products. For example, investors can invest in the decrease and increase of Bitcoin by using these derivative products.

According to experts, the inclusion of Bitcoin spot ETFs in this market will allow more money to enter the crypto ecosystem.