US SEC approves the listing and trading of multiple Bitcoin ETF options products

Odaily News The U.S. Securities and Exchange Commission (SEC) approved Cboe Exchange and NYSE American Exchange to list multiple Bitcoin ETF options products. Cboe was approved to list options for Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB); NYSE American was approved to list options for Grayscale Bitcoin Trust ETF (GBTC), Grayscale Bitcoin Mini Trust (BTC) and Bitwise Bitcoin ETF (BITB). According to the documents, both exchanges set a unilateral position limit of 25,000 contracts for each Bitcoin ETF option, which is lower than other ETF options products. As of August 30, 2024, GBTC has issued approximately 367 million shares with a market value of over US$13.4 billion; BITB has issued approximately 68.7 million shares; FBTC has issued more than 201 million shares, with a 6-month trading volume of more than 1.1 billion shares; ARKB has issued approximately 45.5 million shares, with a 6-month trading volume of more than 297 million shares. (Crowdfundinsider)