The US Securities and Exchange Commission has approved options on bitcoin ETFs from the New York Stock Exchange and the Chicago Board Options Exchange.
The NYSE filing allows the exchange to list and trade options on the Grayscale Bitcoin Trust, Grayscale Bitcoin Mini Trust, and Bitwise Bitcoin ETF.
The Cboe filing permits options on the Fidelity Wise Origin Bitcoin Fund and the ARK 21Shares Bitcoin ETF.
The approval is expected to enhance liquidity, price efficiency, and transparency in the market for bitcoin-related products.