The U.S. Securities and Exchange Commission (SEC) has approved the New York Stock Exchange (NYSE) to begin offering options trading on Spot Bitcoin ETFs. This approval is seen as a major step for the cryptocurrency market, which has experienced substantial growth in the past months.
SEC Greenlights NYSE Options Trading For Spot Bitcoin ETFs
According to a filing dated October 18th, the SEC has authorized the NYSE to introduce options trading on Spot Bitcoin ETFs, expanding the accessibility of Bitcoin funds to a broader range of investors. The approval follows the SEC’s cautious approach to cryptocurrencies, with the regulator holding off on previous applications for Bitcoin ETFs due to concerns about market volatility and investor protection.
The NYSE filed its proposal for Bitcoin ETF options trading in August, and the SEC’s decision comes after months of deliberation.
The Spot Bitcoin ETF market has been highly active recently, with net inflows exceeding $2.1 billion over the last five trading days alone. As more banks and asset managers integrate these funds into their offerings, this latest approval is expected to further boost trading activity and investor interest in Bitcoin.
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