Overview

• 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.