The SEC has approved bids from NYSE and CBOE to list options for bitcoin exchange-traded funds (ETFs), a significant development in the cryptocurrency market. This approval follows a similar decision for Nasdaq to list options last month, indicating a growing acceptance of these financial products. The approved options are linked to bitcoin ETFs offered by major firms like Fidelity, Grayscale, and VanEck. The approvals were granted on an accelerated basis, signaling a potential shift in regulatory stance. With these options, market access to crypto-tied products is expanding on major exchanges, and 2024 has already seen the approval of spot ETFs. While the recent approvals may hint at a broader regulatory transformation in the U.S., this remains uncertain. Bitcoin's trading value increased to approximately $68,400 as of the report's release.

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