SEC Approves Options Trading for 11 Bitcoin ETFs Bitcoin ETF inflows hit $21 billion, adding $1 billion in just two days last week.
The US Securities and Exchange Commission (SEC) has given permission Options trading All 11 spots on the New York Stock Exchange and the Chicago Board Options Exchange are for Bitcoin ETFs.
This follows the recent approval of BlackRock’s IBIT options on Nasdaq by the SEC a few weeks earlier.
Bloomberg ETF analyst Eric Balchunas said that while the SEC is a major obstacle, other Control steps Remaining:
“Good news because the SEC is a big hurdle. While the exact timeline for the listing date is still unclear, we are hearing good things about the rest of the process.
Balchunas pointed out that the Commodity Futures Trading Commission (CFTC) gets the final say on approval when commodities like bitcoin are involved.
This comes as cumulative Bitcoin ETF inflows have risen in the past $21 billion For the first time on October 18, nearly $1 billion poured into bitcoin funds in just two days last week.
This “flomageddon,” as Balchunas describes it, “attracts more liquidity, which attracts even bigger fish.”
Bitcoin ETF options trading allows traders to take large bitcoin positions with little capital through leverage.
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This high liquidity can also lead to large price swings and market volatility.
Bitcoin is currently trading near a three-month high of $68,100.
Related TopicsBITCOINBITCOIN ETFETF
