EddieJayonCrypto
18 Jan 24
The New York Stock Exchange (NYSE) has filed a 19b-4 form with the United States Securities and Exchange Commission (SEC) to allow for options trading on "Commodity-Based Trust Shares" used by some newly approved spot Bitcoin ETFs. This filing, if approved, would open new investment opportunities fo...
The New York Stock Exchange (NYSE) has filed a 19b-4 form with the United States Securities and Exchange Commission (SEC) to allow for options trading on "Commodity-Based Trust Shares," a format utilized by issuers of some of the newly approved spot Bitcoin ETFs. The approval of this filing, if secured, would provide new investment opportunities for both retail and institutional traders focused on Bitcoin. The approval of spot Bitcoin ETFs has already led to over $10 billion in trading volume, and the potential approval of the NYSE's filing could further fuel the growth of the Bitcoin derivatives market. At present, Bitcoin prices are in a state of consolidation, with possible outcomes of a breakout above $43,500 or a sell-off below $41,500.
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