Sunday, December 22, 2024
Sunday, December 22, 2024
Home BuisnessMarket Insight US SEC gives green light to NYSE to list options for spot bitcoin ETFs

US SEC gives green light to NYSE to list options for spot bitcoin ETFs

by PratapDarpan
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US securities regulators have given 11 exchange-traded funds “immediate approval” to list and trade options linked to the price of bitcoin on the New York Stock Exchange, according to a regulatory filing.

The Securities and Exchange Commission (SEC) approved a bitcoin ETF to track bitcoin in January, the world’s largest cryptocurrency and a watershed for the broader crypto industry.

Fidelity Wise Origin Bitcoin Fund, ARK21Shares Bitcoin ETF, Invesco Galaxy Bitcoin ETF, Grayscale Bitcoin Trust BTC and iShares Bitcoin Trust ETF are among the funds that received approval on Friday.

Index Options – Derivatives listed on the Bitcoin Index that offer a quick and inexpensive way to expand exposure to Bitcoin will give institutional investors and traders an alternative way to hedge their exposure to the world’s largest cryptocurrency.

Options are listed derivatives that give the holder the right to buy or sell an asset such as a stock or exchange-traded product at a predetermined price by a fixed date.

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