(Bloomberg) -- The US Securities and Exchange Commission has extended the timeline for which it will make decision on approving the trading of options on exchange-traded funds that invest directly in Bitcoin.

Most Read from Bloomberg

• Chemical Linked to Cancer Found in Acne Creams Including Proactiv, Clearasil

• How Trump’s Ex-Treasury Chief Landed 2024's Highest-Profile US Bank Deal

• Stocks Climb on Bets Fed, ECB Closer to Rate Cuts: Markets Wrap

• Biden to Direct Military to Build Gaza Port to Deliver Aid

• New York to Deploy National Guard to NYC Subways to Fight Crime

The US securities regulator deferred on a filing from Cboe Exchange Inc. to offer options tied to ETFs holding Bitcoin, according to documents posted on the agency’s website Wednesday. The SEC also delayed a decision on a filing from Nasdaq ISE to list and trade options on BlackRock’s iShares Bitcoin Trust.

The derivatives tools are used by traders to make wagers on futures gains or hedge against losses.

Read more: Bitcoin ETF Fans Sees Options Trading Approval as Next Hurdle

Investors have piled into spot-Bitcoin funds since the SEC approved them in January. The 10 funds have raked in a net $8.9 billion this year. Excluding Grayscale’s spot-fund, which existed in a prior fund structure, the newly approved funds hold about $26 billion in assets.

The SEC punted its decision to approve spot Bitcoin ETFs until the final deadline of all of the filings in January. Meanwhile, some experts warn the regulator may deny the current filings for spot-Ether ETFs.

--With assistance from Allyson Versprille.

Most Read from Bloomberg Businessweek

• How Apple Sank About $1 Billion a Year Into a Car It Never Built

• The Battle to Unseat the Aeron, the World’s Most Coveted Office Chair

• How Microsoft’s Bing Helps Maintain Beijing’s Great Firewall

• Humanoid Robots at Amazon Provide Glimpse of an Automated Workplace

• Airbus Is Soaring at Boeing’s Expense

©2024 Bloomberg L.P.