NYSE Arca Proposes 22-Hour Daily Trading for Bitcoin ETFs Amid Increasing Global Demand Pending Regulatory Approval
The post NYSE Arca Proposes 22-Hour Daily Trading for Bitcoin ETFs Amid Increasing Global Demand Pending Regulatory Approval appeared on BitcoinEthereumNews.com.
The NYSE Arca is considering a significant increase in Bitcoin ETF trading hours, potentially extending access to 22 hours a day to meet global demand. This proposed extension reflects the rising interest in cryptocurrency investments and aims to create more opportunities for international participation. “The NYSE is pleased to lead the way in enabling exchange-based trading for our US-listed companies,” stated Kevin Tyrrell, Head of Markets at NYSE. NYSE Arca plans to increase Bitcoin ETF trading to 22 hours daily, catering to global investors amid rising cryptocurrency interest. NYSE Arca’s Proposal to Extend Bitcoin ETF Trading Hours The New York Stock Exchange (NYSE) is set to announce exciting changes to its NYSE Arca equities exchange, aimed at expanding access to Bitcoin exchange-traded funds (ETFs). The proposal includes extending trading hours to 22 hours a day, five days a week, pending regulatory approval. These extended hours could allow trading from 1:30 a.m. to 11:30 p.m. Eastern Time (ET), which aligns with the needs of investors across various global time zones. Why Extended Trading Hours Matter for Global Investors This initiative is significant, as it aims to create a near-continuous trading environment for US-listed securities, including Bitcoin ETFs. With the rise of digital assets, investor demand has surged, necessitating a more accommodating trading schedule. Currently, traditional US equity markets operate from 9:30 a.m. to 4:00 p.m. ET, which can restrict global participation in trades. “This expansion will not only improve liquidity but also redefine investor access to cryptocurrency-related assets,” said ETF expert Eric Balchunas. The continued adoption of Bitcoin as a legitimate store of value amid economic fluctuations highlights the importance of these changes. Enhancing Liquidity and Market Competitiveness Expanding the trading hours of Bitcoin ETFs could be crucial for enhancing market liquidity. As more retail and institutional investors seek exposure to…
Filed under: News - @ October 25, 2024 9:18 pm