The post SEC Approves Major Bitcoin ETFs on NYSE and Cboe for Spot Trading appeared on BitcoinEthereumNews.com.

The SEC approved multiple spot Bitcoin ETFs on major exchanges, marking a milestone for Bitcoin’s integration into traditional finance. SEC-approved Bitcoin ETFs enable direct Bitcoin exposure, boosting market liquidity and offering new options for managing volatility. The United States Securities and Exchange Commission (SEC) has taken a key step in the crypto sector by approving the listing and trading of various spot Bitcoin ETFs on major exchanges such as the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (Cboe). With this permission, Bitcoin’s entry into mainstream finance signals a turning point since it lets investors directly interact with the cryptocurrency via conventional brokerage accounts. Especially, these ETFs invest in real Bitcoin instead of derivatives connected to Bitcoin futures, therefore offering both people and businesses a simpler investment method. The U.S. SEC has approved the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (Cboe) to list multiple spot Bitcoin ETF options trading. Specifically, they include Fidelity Wise Origin Bitcoin Fund, ARK21Shares Bitcoin ETF, Invesco Galaxy Bitcoin ETF,… — Wu Blockchain (@WuBlockchain) October 19, 2024 Trusted Financial Giants Lead the Charge with SEC-Approved Bitcoin ETFs  Among the permitted funds come those from reputable financial companies such as Fidelity, ARK Invest, Grayscale, Invesco, and Valhalla. Approval of the SEC lets investors investigate Bitcoin on reliable sites such as Grayscale Bitcoin Trust, ARK21Shares Bitcoin ETF, and Fidelity Wise Origin Bitcoin Fund. Apart from the list of these ETFs, the SEC has made options trading on Bitcoin ETFs possible. This fresh advancement allows traders more freedom in hedging their Bitcoin exposure, so lowering the risk connected to direct Bitcoin purchases. Giving investors access to choices helps them to better control their positions, take advantage of market movements, and reduce some of the natural volatility of Bitcoin. To guarantee that…

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Filed under: News - @ October 19, 2024 12:17 pm