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

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.