The U.S. Securities and Exchange Commission (SEC) has granted accelerated approval for listing Bitcoin ETF options on the New York Stock Exchange (NYSE) and Chicago Board Options Exchange (CBOE). This decision opens new avenues for risk management and profit from Bitcoin's price fluctuations.

Accelerated Approval

According to Oct. 18 filings, the SEC has approved NYSE and CBOE to list and trade options for Bitcoin ETFs. This allows investors to buy or sell shares, depending on their strategy, at a set price before a specified date. The move aims to improve price efficiency and reduce volatility.

Market Impact

The SEC notes that options trading could enhance market transparency and efficiency for related products. Eleven ETF providers, including Fidelity, ARK21Shares, Invesco, and others, will list options on NYSE. This approval is seen as a key milestone that could increase liquidity in Bitcoin markets.

Additional Details and Delays

The SEC also approved options listings for these funds on CBOE, except for Grayscale's Bitcoin Mini Trust. Meanwhile, the decision on Ethereum ETF options was delayed until November, initially expected by the end of September.

The approval of options trading for Bitcoin ETFs could significantly impact cryptocurrency markets, increasing liquidity and attracting new investments from Wall Street. However, delays in Ethereum ETF approval indicate ongoing regulatory caution towards cryptocurrencies.