Hope

Bitcoin ETF

Bitcoin

Bold

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/secs-bold-move-ignites-hope-for-bitcoin-investors/" data-wpel-link="internal">SEC’s Bold Move Ignites Hope for Bitcoin Investors</a><br></p>
<p style="text-align: justify">The <a href="https://en.coin-turk.com/high-volatility-predicted-for-coinbase-shares-amid-legal-uncertainties/" data-wpel-link="internal">SEC</a> does not always adopt an aggressive stance toward <a href="https://en.coin-turk.com/hmstr-token-hits-major-exchanges-in-september/" data-wpel-link="internal">cryptocurrencies</a>. Sometimes, it surprises the sector with its unexpected approvals. Following the recent approval of the ETH ETF, a similar development has occurred again: the SEC has now granted approval for Bitcoin ETF options expected in 2025. What does this mean for the market?</p> 
<h2 style="text-align: justify" id="sec-approves-bitcoin-options">SEC Approves Bitcoin Options</h2> 
<p style="text-align: justify">After granting ETF approval in early 2024, the SEC has now also approved options linked to ETFs. What does this signify? There are already informal proxy ETFs for Bitcoin (BTC) like MSTR and mining-related options, as well as spot BTC ETFs and CME BTC Futures ETFs. However, this approval means that options trading for BlackRock’s IBIT will also commence, indicating increased liquidity and demand, which is positive for cryptocurrencies.</p> 
<h2 style="text-align: justify" id="impact-on-market-dynamics">Impact on Market Dynamics</h2> 
<p style="text-align: justify">In a market with strong bullish expectations, the potential for high volume in BTC ETF options could act as a catalyst for rising BTC prices in spot markets. In summary, we are discussing a scenario where good days provide fuel for rockets, while bad days may bring more tears for bulls.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-390705 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/BTCUSDT_2024-09-21_00-12-14.png" alt="" width="1815" height="836"></p> 
<p style="text-align: justify"><strong>BTC</strong> has shown modest green candles on the 10-minute chart, yet it will take time to see the actual effects. Given that both directions may gain momentum, the latest news could benefit bulls as we anticipate bullish days ahead.</p> 
<p>The post <a href="https://en.coin-turk.com/secs-bold-move-ignites-hope-for-bitcoin-investors/" data-wpel-link="internal">SEC’s Bold Move Ignites Hope for Bitcoin Investors</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

SEC’s Bold Move Ignites Hope for Bitcoin Investors

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