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The US Securities and Exchange Commission (SEC) has approved the New York Stock Exchange’s request to list options for Bitcoin exchange-traded funds (ETFs). This enables options trading for 11 approved ETF providers, including Fidelity Wise Origin Bitcoin Fund, ARK21Shares Bitcoin ETF, and the Franklin Bitcoin ETF. The move follows the Chicago Board Options Exchange’s application in August 2024 to list options for these Bitcoin ETF providers, aiming to consider Bitcoin ETF options similarly to other commodity-based ETFs.

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The US Securities and Exchange Commission (aka, the SEC) gave the thumbs up to the New York Stock Exchange’s request to list new options for Bitcoin exchange-traded funds (ETFs) on Oct. 18. Basically, that means options trading is now a go for the 11 approved ETF providers. These include big names in the game like Fidelity Wise Origin Bitcoin Fund, ARK21Shares Bitcoin ETF, the Franklin Bitcoin ETF, and others.

Back in August 2024, the Chicago Board Options Exchange applied to list options for these Bitcoin ETF providers. The goal? To consider Bitcoin ETF options in the same boat as other commodity-based ETFs that track the value of things like gold and silver.

Source: Cointelegraph