The SEC has granted accelerated approval for 11 new ETFs featuring options linked to Bitcoin prices on the NYSE, paving the way for broader institutional investor access.

SEC Approval for Bitcoin Options

The US Securities and Exchange Commission (SEC) recently approved the launch of 11 ETFs to trade options tied to Bitcoin prices on the New York Stock Exchange (NYSE). This move continues strategies previously initiated for Nasdaq.

Significance for Institutional Investors

The establishment of instruments like Bitcoin options provides institutional investors with flexible and efficient tools to hedge and increase exposure to Bitcoin with less capital than direct stock trading.

Cryptocurrency Market Trends

SEC's approval affirms the trend of growing institutional interest in Bitcoin. Previously, SEC has already approved options for BlackRock's iShares Bitcoin Trust on Nasdaq. Adding new instruments on NYSE verifies the substantial interest of financial institutions in cryptocurrencies.

While the approval is a positive signal, full launch of option trading requires Commodity Futures Trading Commission (CFTC) authorization. This development sets new horizons for institutional players in a regulated market.