As a seasoned researcher with over two decades of experience in the financial industry, I must say that this latest move by the SEC is a significant milestone in the evolution of cryptocurrency as a mainstream investment asset. Throughout my career, I’ve witnessed the rise and fall of numerous financial trends, but none have captured the imagination quite like Bitcoin.
On October 18th, the U.S. Securities and Exchange Commission granted approval for the New York Stock Exchange to list highly awaited Bitcoin (BTC) spot exchange-traded funds (ETFs), a significant development in the cryptocurrency market.
As a researcher delving into the world of financial instruments, I am thrilled to announce that 11 providers of Exchange-Traded Funds (ETFs) have been granted approval for options trading. Among these are notable players such as Fidelity Wise Origin Bitcoin Fund, ARK21Shares Bitcoin ETF, Invesco Galaxy Bitcoin ETF, Franklin Bitcoin ETF, VanEck Bitcoin Trust, WisdomTree’s Bitcoin Fund, Grayscale Bitcoin Trust, Grayscale Bitcoin Mini Trust, Bitwise Bitcoin ETF, BlackRock’s iShares Bitcoin Trust ETF, and the Valkyrie Bitcoin Fund. This development opens up new avenues for investors to engage with these Bitcoin-focused ETFs more dynamically through options trading.
In August 2024, the Chicago Board Options Exchange submitted an application to add Bitcoin ETF options to their platform. If approved, this rule change would classify Bitcoin ETF options similarly to other exchange-traded funds (ETFs) that follow the prices of precious metals.
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2024-10-19 00:42