SEC approves options trading on Bitcoin ETFs, allowing investors to buy and sell contracts based on the price of Bitcoin without owning any Bitcoin.
This move opens up more ways for traditional investors to get involved in Bitcoin without directly owning it and reduces the perceived risks associated with investing in cryptocurrencies.
The approval is a significant advancement for the crypto market, bringing Bitcoin into a more regulated and trusted space and potentially attracting more investors.
For the New York Stock Exchange, the approval is a big win as it opens doors to more trading opportunities and shows their readiness to adapt to the future of finance.