SEC Greenlights Bitcoin Options ETFs for New York Stock Exchange and CBOE

<img width="1024" height="600" src="https://dailyhodl.com/wp-content/uploads/2023/11/Bitcoin-Never-See-Below.jpg?w=1024" class="webfeedsFeaturedVisual wp-post-i

The U.S. Securities and Exchange Commission (SEC) is greenlighting Bitcoin (BTC) options exchange-traded funds (ETFs) for two major US exchanges.

In separate statements, the regulatory agency says it’s approving the bids from the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE) to list options contracts for BTC-based ETFs.

According to the SEC, the options ETFs were given the nod because it recently approved a rule change proposal from Nasdaq to list options on the iShares Bitcoin Trust (IBIT), which yielded positive results.

“The Exchange notes that this is a competitive filing as the Commission recently approved a rule proposal by Nasdaq to allow the listing and trading of options on iShares Bitcoin Trust, which is a trust that holds Bitcoin.

As discussed herein, the Exchange believes, like the recently-approved options on IBIT, options on the Bitcoin Funds would permit hedging, and allow for more liquidity, better price efficiency, and less volatility with r…