The recent approval by the U.S. Securities and Exchange Commission (SEC) is set to enhance liquidity in Bitcoin exchange-traded funds (ETFs). As of October 18, the SEC authorized the listing of options for spot Bitcoin ETFs on the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE). This approval will facilitate options trading for the 11 Bitcoin ETF providers and is expected to significantly increase institutional investment inflows, as noted by QCP Capital. The firm stated that strong institutional demand is reflected in sustained ETF inflows, which could support Bitcoin's price, potentially pushing it to new all-time highs. Analysts highlight the need for Bitcoin to close the week above $68,700 to confirm a breakout from its current price stagnation. This positive sentiment is further buoyed by expectations surrounding the upcoming U.S. presidential elections, which could enhance investors' appetite for risk-on assets like Bitcoin.

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