The US Securities and Exchange Commission (SEC) has granted accelerated approval to 11 exchange-traded funds (ETFs) for listing and trading options tied to spot Bitcoin prices on the New York Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term.

This decision follows a regulatory filing made public. In January, the SEC had approved Bitcoin ETFs to track the cryptocurrency’s value, marking a significant development for Bitcoin and the broader cryptocurrency market.

Bitcoin ETFs Offer Hedging Options

The approved funds include the Fidelity Wise Origin Bitcoin Fund, ARK21Shares Bitcoin ETF, Invesco Galaxy Bitcoin ETF, Grayscale Bitcoin Trust BTC, and iShares Bitcoin Trust ETF. These options will provide institutional investors and traders with an alternative way to hedge their exposure to Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term.

Options are derivatives that allow the holder to buy or sell an asset, such as stocks or ETFs, at a predetermined price by a specific date. The SEC also recently approved options trading for BlackRock’s Bitcoin ETF.

ETF News: #SEC approves @NYSE and @CBOE options trading on spot #Bitcoin ETFs following @NasdaqExchange approval.https://t.co/DXU280xoFg pic.twitter.com/DdEDqkt1x7

— MartyParty (@martypartymusic) October 18, 2024

Bitcoin ETFs Achieve Significant Inflows

In June, Finance Magnates reported that on their first day of trading, the Bitcoin ETFs experienced over $4 billion in inflows, setting a record for any ETF debut. Many individual funds continued to break records in the following weeks and months.

In the past 30 years, 5,535 ETFs have been launched, with the performance of the Bitcoin ETFs surpassing that of others. Within a month, Fidelity’s FBTC accumulated nearly $3.5 billion in assets under management, while BlackRock’s IBIT attracted over $4 billion.

In contrast, the first gold ETF gathered $1.2 billion in its first month, and BlackRock’s Climate Conscious Fund, launched in August 2023, previously held the record for fastest inflows, reaching $2.2 billion in its initial month.