On October 18, the U.S. Securities and Exchange Commission (SEC) marked a pivotal moment by endorsing options for spot Bitcoin exchange-traded funds (ETFs) on major exchanges, including the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE).
What Does This Approval Mean for Investors?
This decision follows prior SEC approvals of significant funds, including Fidelity’s Wise Origin Bitcoin Fund and the ARK21Shares Bitcoin ETF. The recent backing of 11 ETFs, including BlackRock’s iShares Bitcoin Trust ETF, signals a considerable advance for institutional traders.
How Will This Impact Bitcoin Prices?
The newly approved options are expected to provide investors with more adaptable and cost-effective ways to improve exposure and manage associated risks. According to the SEC, this approval aims to increase pricing efficiency and transparency while minimizing market volatility.
Experts highlight several key benefits of this approval:
Increased market liquidity for Bitcoin.
More investment opportunities for institutional traders.
Improvement of price stability and market stability.
Following the announcement, Bitcoin saw a surge, increasing by 1.29% to reach 69,125 Originally proposed in August 2024, the SEC's approval of all listed ETFs except the Grayscale Mini Trust, reinforcing the maturation of the