Synopsis
The U.S. SEC has granted accelerated approval to 11 ETFs to list and trade options linked to spot bitcoin prices on the New York Stock Exchange. These options offer a way for institutional investors to hedge their exposure to bitcoin. Funds including Fidelity and ARK21Shares are among those receiving approval, marking a significant development for the cryptocurrency sector.
The U.S. securities regulator has granted “accelerated approval” to 11 exchange-traded funds to list and trade options tied to spot bitcoin prices on the New York Stock Exchange, according to a regulatory filing.
The Securities and Exchange Commission (SEC) had in January approved the bitcoin ETFs to track bitcoin, in what was a watershed for the world’s largest cryptocurrency and the broader crypto industry.
Fidelity Wise Origin Bitcoin Fund, the ARK21Shares Bitcoin ETF, the Invesco Galaxy Bitcoin ETF, the Grayscale Bitcoin Trust BTC and the iShares Bitcoin Trust ETF are among funds that received the approval on Friday.
Crypto Tracker
TOP COIN SETSBTC 50 :: ETH 507.30% BuySmart Contract Tracker4.33% BuyWeb3 Tracker0.16% BuyAI Tracker-1.20% BuyDeFi Tracker-1.38% BuyTOP COINS (₹) Ethereum221,979 (0.59%)BuySolana12,979 (0.52%)BuyBitcoin5,736,800 (0.49%)BuyBNB50,256 (0.29%)BuyTether84 (0.05%)Buy The index options – listed derivatives offering a quick and inexpensive way to amplify exposure to bitcoin – on a bitcoin index would give institutional investors and traders an alternative way to hedge their exposure to the world’s largest cryptocurrency.
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details » Options are listed derivatives that give the holder the right to buy or sell an asset, such as a stock or exchange-traded product, at a predetermined price by a set date. 
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The regulator last month approved listing and trading of options for asset manager BlackRock’s, exchange-traded fund on the Nasdaq.
