Bitcoin ETF

Grayscale Bitcoin Trust

The U.S. Securities and Exchange Commission (SEC) has <a href="https://www.sec.gov/files/rules/sro/nyseamer/2024/34-99921.pdf" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">rescheduled</a> the decision on NYSE’s options trading on the spot Bitcoin ETF New York Stock Exchange (NYSE). This sudden drop could be a setback for businesses that provide Bitcoin trading options, affecting their ability to trade on popular Bitcoin investment platforms like the Bitwise Bitcoin ETF (BITB) and the Grayscale Bitcoin Trust (GBTC).&nbsp;
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/aj1tDwdtPbkeuFjn8a2XNv8o3Ck61Vfi5bxZnkwqU14sdnA73gimSZiuEXmVYUmbEKeZnUGouDW_jYhFSJXUJ0odbHrtQS97FLyJbSSB7-7CDmKJKh4QGimJY6Cc2rNjzyYDqrlbgurNuZcSbATq06U" alt="Securities And Exchange Commission Release Note">
 </figure>
</div>
SEC said that it needs to thoroughly examine the reasons for the proposed rule change, which was the basis of its ruling dated April 8. The SEC extension deadline for the decision is set to May 29th which can be credited as an approval or decline of options trading on Bitcoin ETFs on the NYSE.&nbsp;
Options trading opens the possibility of sophisticated strategies for traders like leverage and speculation that help to extrapolate future Bitcoin price trajectory. Call options may be purchased by traders, which will allow them to speculate on the upside and downside respectively, creating more investment alternatives.
Grayscale CEO Michael Sonnenshein has strongly supported the move to permit options trading on spot Bitcoin ETFs. He believes this will boost market liquidity and overall market health. However, the CFTC’s approval and listing of Bitcoin futures ETFs on the NYSE left the question of options-trading ETFs pending.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/04/06/terraform-labs-found-liable-for-fraud-by-sec/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Terraform Labs Found Liable for Fraud by SEC</a>
</blockquote>

SEC Delays Decision on NYSE Bitcoin Options Trading

The Crypto Times

Autres articles publiés le 9 avr. 2024

Top 5 Solana Meme Coins to Buy in April 2024 for Potential 100x Gains

Bitcoin Price To Slip Below $20K By 2024 End: Deutsche Bank Survey

Make Money with Crypto in 2024! Book of Memes and Scorpion Casino Show Signs of 1,000% Gains

ProShares Files To List Two Spot Ethereum ETFs, Approval Odd Is High

Jito Cryptocurrency Price at Breakout Point

Ethereum (ETH) Reaches $3500 Milestone, Shiba Inu (SHIB) Surges Past EMA5, and Furrever Token (FU...

Join our free newsletter for daily crypto updates!