On October 18, 2024, the United States Securities and Exchange Commission (SEC) approved the New York Stock Exchange's application to list options for spot Bitcoin exchange-traded funds (ETFs). This significant move is expected to bring much-needed liquidity to the cryptocurrency markets. Options trading will now be available for 11 approved ETF providers, including notable names such as Fidelity Wise Origin Bitcoin Fund, ARK21Shares Bitcoin ETF, and BlackRock's iShares Bitcoin Trust ETF. The approval follows a proposed rule change by the Chicago Board Options Exchange earlier in August 2024, aligning Bitcoin ETF options with commodity-based ETFs tracking precious metal prices. This regulatory progress marks a pivotal development for the cryptocurrency ecosystem, potentially enhancing trading strategies and accessibility for a broader range of investors.

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