Tuesday, October 29, 2024 – The SEC has approved options trading for Bitcoin exchange-traded funds (ETFs) on the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE), marking a significant milestone in crypto finance.
The decision allows investors to trade options on prominent ETFs like the Grayscale Bitcoin Trust, Fidelity Wise Origin Bitcoin Fund, and ARK21Shares Bitcoin ETF, enhancing liquidity and access for both retail and institutional investors.
Both of the US-based firms, NYSC MKT, the publicly traded company, and CBOE Exchange, are enabled to trade and list the options on the Fidelity Wise Origin Bitcoin Fund, the ARK21Shares Bitcoin ETF, the Invesco Galaxy Bitcoin ETF, the Franklin Bitcoin ETF, the VanEck Bitcoin Trust, the WisdomTree Bitcoin Fund, the Grayscale Bitcoin Trust, the Grayscale Bitcoin Mini Trust, the Bitwise Bitcoin ETF, the iShares Bitcoin Trust ETF, and the Valkyrie Bitcoin Funds.
In January, the SEC approved the proposals of 11 spot bitcoin ETFs to utilize on national security exchanges.
In September, the proposed rule change was published for the comment in the Federal Register, a NYSC filing reported.
The first listing options on the iShares Bitcoin Trust was approved by the SEC for Nasdaq ISE, LLC, in September this year.
