Bitcoin ETF Options in US Hit A Setback as NYSE Aborts Options Plan

Quick Summary:

NYSE American LLC has formally announced its withdrawal of the proposal to list and trade options on two spot Bitcoin exchange-traded funds (ETFs).

The proposal, which sought to have the Bitwise Bitcoin ETF and the Grayscale Bitcoin ETF listed, was initially filed with the United States Securities and Exchange Commission (SEC).

Besides BTC, there are attempts in the market to launch options on Ethereum ETFs as well.

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: IndiaMaliUnited States

Topics: 24/7 Cryptocurrency News Bitcoin News Bitcoin ETF options NYSE Listed

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-15 @ 18:13:56 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 459 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22088783

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Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 11 hours ago

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