The post NYSE Arca To Extend Trading Hours, What It Means For Bitcoin ETF appeared on BitcoinEthereumNews.com.

The New York Stock Exchange (NYSE) Arca electronic trading platform is evolving with Bitcoin ETF products on track to benefit immensely. Per the announcement from Intercontinental Exchange, NYSE Arca’s parent firm, trading will now last for 22 hours overall. This push comes amid growing clamor for extended stock and equities trading to give Wall Street investors additional flexibility. How Will Bitcoin ETF Products Benefit The stock market is changing in unusual ways across the board. While the proposal to extend trading by NYSE Arca is still pending regulatory approval, it can change investment scope in the US. As reported by CNBC, under the new plan, the extended trading will now open at 1:30 am and close at 11:30 pm. Normal trading hours takes a deviation from the 4 a.m to 8 p.m it currently runs at. Despite this proposed changes, the trading days will still span 5 days, excluding the weekends. This changes, if approved might tilt the game in the Bitcoin ETF market. Some of the most prominent BTC ETF issuers including Grayscale and Bitwise trades on Arca. It is worth noting that this platform is dedicated for the trading of ETF products with over 8,000 listings. If the duo of Grayscale and Bitwise’s products become traded for 22 hours, it implies that investors looking to inject capital in these assets have limited or no restrictions toward completing their transactions. It remains unclear at the moment whether this will attract investors when compared to their rivals trading on Cboe and CME BZX Exchanges respectively. However, Grayscale needed this extra boost considering its relatively poorer performance compared to BlackRock and Fidelity Investments. NYSE Arca Is Copying The Crypto 247 Style It is worth noting that the extended trading model is something the crypto ecosystem has been operating on since Bitcoin…

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Filed under: News - @ October 25, 2024 11:23 pm