According to regulatory filings, U.S. securities regulators have granted “accelerated approvals” to 11 exchange-traded funds to list trade options for the NYSE to find Bitcoin prices on the NYSE.
The U.S. Securities and Exchange Commission (SEC) approved Bitcoin ETFs in January to track Bitcoin, a watershed for the world’s largest cryptocurrency and the wider crypto industry.
Fidelity Wise Origin Bitcoin Fund, ARK21SHARES BITCOIN ETF, Invesco Galaxy Bitcoin ETF, Grey Bitcoin Trust BTC and Ishares Bitcoin Trust ETF were approved funds Friday.
Index Options – The listed derivatives offer a fast, inexpensive way to expand contact with Bitcoin – On the Bitcoin Index, an alternative way for institutional investors and traders to hedge their exposure to the world on the largest cryptocurrency.
Options are listed derivatives that allow holders to purchase or sell assets at pre-order prices, such as stocks or exchange-traded products.
The regulator approved the listing and trading of options for asset manager BlackRock, an exchange-traded fund for Nasdaq last month.
©Thomson Reuters 2024
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