SEC Approves Options Trading for Bitcoin ETFs on NYSE and Cboe

The U.S. Securities and Exchange Commission's decision expands investment opportunities in the cryptocurrency market by allowing options on bitcoin ETFs.

• The SEC granted accelerated approval for NYSE and Cboe to list options tied to spot bitcoin ETFs.
• Funds such as Fidelity, Grayscale, and ARK 21Shares are among those approved for options trading.
• The approval follows a recent similar decision for BlackRock's bitcoin ETF options on Nasdaq.
• Options provide institutional investors with a new way to hedge and amplify exposure to bitcoin.
• The SEC's move is seen as a step towards broader market access to crypto-tied financial products.

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