SEC Grants Approval for 11 Bitcoin ETFs with Options Tied to Spot Prices
In a major milestone for the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) has granted accelerated approval for 11 Bitcoin exchange-traded funds (ETFs) to list and trade options linked to spot Bitcoin prices on the New York Stock Exchange. This decision, disclosed in a regulatory filing, marks a significant step toward expanding institutional access to Bitcoin investment opportunities.
The approval builds on the SEC's January decision to allow Bitcoin ETFs, opening the door for institutional investors to engage with the cryptocurrency market in a regulated environment. Among the approved ETFs are Fidelity's Wise Origin Bitcoin Fund (FBTC.Z), ARK21Shares Bitcoin ETF, Invesco Galaxy Bitcoin ETF (BTCO.Z), and the Grayscale Bitcoin Trust (GBTC.P).
These Bitcoin options provide institutional investors with a new tool to hedge against market volatility and manage Bitcoin exposure more effectively. As listed derivatives, options offer the flexibility to buy or sell Bitcoin at a predetermined price before a specific date, allowing for cost-effective risk management.
The SEC's decision follows last month’s approval of Bitcoin options for BlackRock's Bitcoin ETF on Nasdaq, further cementing the growing integration of cryptocurrencies into mainstream financial markets. This trend reflects the increasing maturity and acceptance of digital assets in traditional financial products.
