Crypto

US SEC Gives Green Light for Options Listing for Spot Bitcoin ETFs to NYSE

Options are listed derivatives that give the holder the right to buy or sell an asset.

US SEC Gives Green Light for Options Listing for Spot Bitcoin ETFs to NYSE

The crypto sector's valuation has reached $2.38 trillion as of October 21

The US securities regulator has granted “accelerated approval” to 11 exchange-traded funds to list and trade options tied to spot prices on the New York Stock Exchange, according to a regulatory filing.

The Securities and Exchange Commission (SEC) had in January approved the Bitcoin ETFs to track Bitcoin, in what was a watershed for the world's largest and the broader crypto industry.

Fidelity Wise Origin Bitcoin Fund, the ARK21Shares Bitcoin , the Invesco Galaxy Bitcoin ETF, the Grayscale Bitcoin Trust BTC and the iShares Bitcoin Trust ETF are among funds that received the approval on Friday.

The index options – listed derivatives offering a quick and inexpensive way to amplify exposure to Bitcoin – on a would give institutional investors and traders an alternative way to hedge their exposure to the world's largest cryptocurrency.

Options are listed derivatives that give the holder the right to buy or sell an asset, such as a stock or exchange-traded product, at a predetermined price by a set date.

The regulator last month approved listing and trading of options for asset manager BlackRock's, exchange-traded fund on the Nasdaq.

© Thomson Reuters 2024

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

Cryptocurrency Prices across Indian exchanges

Source

Click to rate this post!
[Total: 0 Average: 0]

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

sixteen + five =

Back to top button