The U.S. Securities and Exchange Commission (SEC) has granted approval for NYSE and Cboe to list options tied to spot bitcoin ETFs, enhancing the investment landscape for such products, which have attracted billions in inflows this year. The SEC’s decision follows Nasdaq's earlier approval for options on its listed bitcoin ETFs. Among the ETFs included are the Grayscale Bitcoin Trust (GBTC), Grayscale Bitcoin Mini Trust (BTC), the Bitwise Bitcoin ETF (BITB), Fidelity Wise Origin Bitcoin Fund (FBTC), and ARK 21Shares Bitcoin ETF (ARKB). Options, which are financial derivatives, will enable users to buy or sell these ETFs at predetermined prices by specified dates, potentially driving institutional interest in cryptocurrencies. The SEC remarked that these options would improve market liquidity, price efficiency, and overall transparency in the cryptocurrency sector.

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