1 month ago
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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.
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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Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor's degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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