Big News for Bitcoin: NYSE Gets the Green Light for Spot BTC ETF Options.

The Securities and Exchange Commission (SEC) has given the approval to the New York Stock Exchange (NYSE) to begin trading options on spot Bitcoin ETFs.

Over the past month, the spot BTC ETF market has seen a resurgence, with net inflows exceeding $2.1 billion over the past five trading days.

With this recent approval, access to funds for the digital asset will expand even further as trading can now take place on the NYSE.

The NYSE originally filed for Bitcoin ETF options on Aug. 14 to add funds focused on the leading cryptocurrency to its offerings. The SEC, facing a backlog of lawsuits and issues related to crypto, was cautious in its approval process. The launch of spot BTC exchange-traded funds earlier this year also faced delays, reflecting the regulator’s initial skepticism about cryptocurrencies.

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Now, however, multiple banks and asset managers have incorporated BTC ETFs into their portfolios, allowing Wall Street investors to take advantage of the expanding crypto market.

After experiencing a bearish period over the summer, Bitcoin regained its momentum in the third quarter of 2024, with the value of the cryptocurrency increasing by over 13% in the last month and 8% in the last week.

Alexander Zdravkov